Report Update Nov 1, 2024

Angola - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Angola

The Angolan refined coconut oil market fell modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Refined Coconut Oil Production in Angola

In value terms, refined coconut oil production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 4.8%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Refined Coconut Oil Exports

Exports from Angola

In 2020, shipments abroad of refined coconut (copra) oil increased by 4,991% to X kg, rising for the second consecutive year after two years of decline. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined coconut oil exports skyrocketed to $X in 2020. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sao Tome and Principe (X kg) was the main destination for refined coconut oil exports from Angola, with a approx. 100% share of total exports.

From 2016 to 2020, the average annual growth rate of volume to Sao Tome and Principe was relatively modest.

In value terms, Sao Tome and Principe ($X) emerged as the key foreign market for refined coconut (copra) oil exports from Angola.

From 2016 to 2020, the average annual growth rate of value to Sao Tome and Principe was relatively modest.

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2020, which is down by -17.1% against the previous year. Overall, the export price continues to indicate a dramatic contraction. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sao Tome and Principe.

From 2016 to 2020, the rate of growth in terms of prices for Cabo Verde amounted to 0.0% per year.

Refined Coconut Oil Imports

Imports into Angola

In 2022, the amount of refined coconut (copra) oil imported into Angola shrank to X tons, reducing by -12.5% compared with 2021. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 118%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, refined coconut oil imports contracted significantly to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 117%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of refined coconut oil to Angola, with a 58% share of total imports. Moreover, refined coconut oil imports from Brazil exceeded the figures recorded by the second-largest supplier, Sao Tome and Principe (X tons), fourfold. The third position in this ranking was held by Malaysia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +75.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sao Tome and Principe (+112.3% per year) and Malaysia (-10.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of refined coconut (copra) oil to Angola, comprising 51% of total imports. The second position in the ranking was taken by Sao Tome and Principe ($X), with a 13% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sao Tome and Principe (+108.7% per year) and Portugal (+51.2% per year).

Import Prices by Country

In 2022, the average refined coconut oil import price amounted to $X per ton, which is down by -5.7% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2018 an increase of 89% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined coconut (copra) oil in the world?

The United States remains the largest refined coconut oil consuming country worldwide, comprising approx. 56% of total volume. Moreover, refined coconut oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, ninefold. The third position in this ranking was occupied by India, with a 2.4% share.

What are the largest producers of refined coconut (copra) oil in the world?

The United States constituted the country with the largest volume of refined coconut oil production, accounting for 55% of total volume. Moreover, refined coconut oil production in the United States exceeded the figures recorded by the second-largest producer, China, tenfold. The third position in this ranking was occupied by India, with a 2.4% share.

What are the leading suppliers of refined coconut (copra) oil to Angola?

In value terms, Malaysia constituted the largest supplier of refined coconut oil to Angola, comprising 83% of total imports. The second position in the ranking was occupied by Germany, with a 4.4% share of total imports.

What is the average export price for refined coconut (copra) oil in Angola?

The average refined coconut oil export price stood at $2,567 per ton in 2017, declining by -37.5% against the previous year.

What is the average import price for refined coconut (copra) oil in Angola?

In 2021, the average refined coconut oil import price amounted to $2,229 per ton, picking up by 17% against the previous year.

This report provides an in-depth analysis of the refined coconut oil market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023