Australia and Oceania: Coconut Oil Market 2025

Coconut Oil Market Size in Australia and Oceania

The coconut oil market in Australia and Oceania declined remarkably to $X in 2022, reducing by -26.6% against the previous year. In general, consumption, however, showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Coconut Oil Production in Australia and Oceania

In value terms, coconut oil production shrank markedly to $X in 2022 estimated in export price. In general, production showed a moderate increase. The growth pace was the most rapid in 2018 when the production volume increased by 188% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Coconut Oil Exports

Exports in Australia and Oceania

In 2022, overseas shipments of coconut (copra) oil decreased by -19% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 59%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, coconut oil exports declined dramatically to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 194% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Papua New Guinea dominates exports structure, amounting to X tons, which was approx. 71% of total exports in 2022. French Polynesia (X tons) took a 9.3% share (based on physical terms) of total exports, which put it in second place, followed by Solomon Islands (9%). Kiribati (X tons), Fiji (X tons), Samoa (X tons) and Vanuatu (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to coconut oil exports from Papua New Guinea stood at +2.7%. At the same time, Solomon Islands (+17.6%) and French Polynesia (+1.1%) displayed positive paces of growth. Moreover, Solomon Islands emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +17.6% from 2012-2022. Samoa experienced a relatively flat trend pattern. By contrast, Kiribati (-2.0%), Fiji (-10.5%) and Vanuatu (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of French Polynesia and Solomon Islands increased by +9.3 and +6.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) remains the largest coconut oil supplier in Australia and Oceania, comprising 71% of total exports. The second position in the ranking was taken by Solomon Islands ($X), with an 8.2% share of total exports. It was followed by French Polynesia, with a 7.3% share.

In Papua New Guinea, coconut oil exports increased at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Solomon Islands (+17.4% per year) and French Polynesia (+3.9% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, waning by -10.6% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil export price increased by +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 85% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+8.4%), while the other leaders experienced more modest paces of growth.

Coconut Oil Imports

Imports in Australia and Oceania

In 2022, imports of coconut (copra) oil in Australia and Oceania dropped to X tons, with a decrease of -13.3% on the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 18%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, coconut oil imports stood at $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the largest importer of coconut (copra) oil, generating 60% of total imports. It was distantly followed by New Zealand (X tons), achieving a 33% share of total imports. The following importers - Fiji (X tons) and Kiribati (X tons) - each amounted to a 5.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported coconut (copra) oil in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 32% share of total imports. It was followed by Fiji, with a 1.2% share.

In Australia, coconut oil imports expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+8.9% per year) and Fiji (+16.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 16% against the previous year. Import price indicated strong 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 +69.1% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 51%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Kiribati ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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