Report Update Nov 1, 2024

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

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Azerbaijan: Coconut Oil Market 2024

Coconut Oil Market Size in Azerbaijan

The Azerbaijani coconut oil market surged to $X in 2022, growing by 17% 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). In general, consumption recorded a significant expansion. Coconut oil consumption peaked in 2022 and is expected to retain growth in the near future.

Coconut Oil Exports

Exports from Azerbaijan

After three years of growth, shipments abroad of coconut (copra) oil decreased by 99.9% to X kg in 2022. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, coconut oil exports shrank notably to $X in 2022. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 100%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Sri Lanka (X kg) was the main destination for coconut oil exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Sri Lanka was relatively modest.

In value terms, Sri Lanka ($X) emerged as the key foreign market for coconut (copra) oil exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka was relatively modest.

Export Prices by Country

In 2022, the average coconut oil export price amounted to $X per ton, rising by 37% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -3.7% per year.

Coconut Oil Imports

Imports into Azerbaijan

Coconut oil imports into Azerbaijan expanded slightly to X tons in 2022, rising by 2.2% on the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 188% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, coconut oil imports surged to $X in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 264%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest coconut oil supplier to Azerbaijan, accounting for a 84% share of total imports. Moreover, coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Russia (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+50.9% per year) and Indonesia (+33.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of coconut (copra) oil to Azerbaijan, comprising 84% of total imports. The second position in the ranking was held by Russia ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled +68.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+67.5% per year) and Indonesia (+44.7% per year).

Import Prices by Country

The average coconut oil import price stood at $X per ton in 2022, with an increase of 20% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 73% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.3%), 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 coconut (copra) oil in the world?

The countries with the highest volumes of in 2021 were the United States, the Netherlands and Indonesia, together comprising 35% of global consumption. These countries were followed by India, Germany, Vietnam, China, Sri Lanka, Mexico, Malaysia, Italy, France and South Korea, which together accounted for a further 42%.

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

The countries with the highest volumes of in 2021 were the Philippines, Indonesia and India, with a combined 70% share of global production. The Netherlands, Vietnam, Mexico and Sri Lanka lagged somewhat behind, together accounting for a further 19%.

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

In value terms, the largest coconut oil suppliers to Azerbaijan were Malaysia, Russia and Indonesia, together accounting for 99% of total imports.

What are the leading importers of coconut (copra) oil from Azerbaijan?

In value terms, Russia remains the key foreign market for coconut oil exports from Azerbaijan.

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

In 2021, the average coconut oil export price amounted to $2,189 per ton, which is down by -10.9% against the previous year.

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

In 2021, the average coconut oil import price amounted to $2,163 per ton, falling by -7.2% against the previous year.

This report provides an in-depth analysis of the coconut oil market in Azerbaijan. 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:

FCL 252 - Oil of Coconuts

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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