Argentina: Coconut Oil Market 2025

Coconut Oil Market Size in Argentina

The Argentinian coconut oil market declined notably to $X in 2022, with a decrease of -15.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a noticeable downturn. Coconut oil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Coconut Oil Exports

Exports from Argentina

Coconut oil exports from Argentina surged to X tons in 2022, rising by 21% on the previous year's figure. In general, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 4,629% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, coconut oil exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 1,880% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X tons), Guatemala (X tons) and the Netherlands (X kg) were the main destinations of coconut oil exports from Argentina, together accounting for 88% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +39.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coconut oil exported from Argentina were Chile ($X), Guatemala ($X) and France ($X), together comprising 92% of total exports. The Netherlands lagged somewhat behind, accounting for a further 1%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +66.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coconut oil export price stood at $X per ton in 2022, which is down by -3.1% against the previous year. Overall, the export price, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 an increase of 93%. The export price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.3%).

Coconut Oil Imports

Imports into Argentina

In 2022, approx. X tons of coconut (copra) oil were imported into Argentina; waning by -24.9% against 2021 figures. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, coconut oil imports reduced to $X in 2022. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 47%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and the Philippines (X tons) were the main suppliers of coconut oil imports to Argentina, together accounting for 92% of total imports. These countries were followed by Sri Lanka, which accounted for a further 6.2%.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +242.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut oil suppliers to Argentina were the Philippines ($X), Malaysia ($X) and Indonesia ($X), together accounting for 90% of total imports. Sri Lanka lagged somewhat behind, comprising a further 7%.

Among the main suppliers, Sri Lanka, with a CAGR of +121.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coconut oil import price amounted to $X per ton, picking up by 17% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by +117.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 64%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sri Lanka ($X per ton) and the Philippines ($X per ton), while the price for Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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