Australia and Oceania: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in Australia and Oceania

The crude coconut oil market in Australia and Oceania soared to $X in 2022, picking up by 16% against the previous year. In general, consumption, however, saw a slight slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in Australia and Oceania

In value terms, crude coconut oil production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 29%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Crude Coconut Oil Exports

Exports in Australia and Oceania

After two years of growth, shipments abroad of crude coconut (copra) oil decreased by -21.4% to X tons in 2022. In general, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 59%. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, crude coconut oil exports fell significantly to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 200%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Papua New Guinea prevails in exports structure, accounting for X tons, which was approx. 74% of total exports in 2022. French Polynesia (X tons) ranks second in terms of the total exports with a 9.7% share, followed by Solomon Islands (9.4%). The following exporters - Kiribati (X tons), Samoa (X tons) and Vanuatu (X tons) - together made up 6.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to crude coconut oil exports from Papua New Guinea stood at +3.1%. 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 (-3.3%) and Vanuatu (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of French Polynesia, Solomon Islands and Papua New Guinea increased by +9.7, +7 and +3.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Papua New Guinea ($X) remains the largest crude coconut oil supplier in Australia and Oceania, comprising 75% of total exports. The second position in the ranking was held by Solomon Islands ($X), with an 8.7% share of total exports. It was followed by French Polynesia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea stood at +9.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Solomon Islands (+17.4% per year) and French Polynesia (+3.9% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by -11.1% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude coconut oil export price increased by +73.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 88% against the previous year. As a result, the export price attained 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 Samoa (+8.0%), while the other leaders experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of crude coconut (copra) oil increased by 17% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 160%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, crude coconut oil imports skyrocketed to $X in 2022. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 155% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of crude coconut (copra) oil, namely New Zealand, Australia and Fiji, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Fiji (with a CAGR of +202.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 97% share of total imports.

Among the main importing countries, Fiji, with a CAGR of +145.0%, 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 import price in Australia and Oceania amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 69%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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