Report Update Nov 1, 2024

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

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Belgium: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Belgium

In 2022, the Belgian crude coconut oil market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Crude coconut oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Crude Coconut Oil Exports

Exports from Belgium

In 2022, shipments abroad of crude coconut (copra) oil decreased by -91.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 375% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, crude coconut oil exports contracted markedly to $X in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 when exports increased by 524% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for crude coconut oil exports from Belgium, accounting for a 45% share of total exports. Moreover, crude coconut oil exports to the Netherlands exceeded the volume sent to the second major destination, Luxembourg (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+60.2% per year) and the UK (+151.4% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for crude coconut (copra) oil exports from Belgium, comprising 52% of total exports. The second position in the ranking was held by the UK ($X), with a 23% share of total exports. It was followed by Luxembourg, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+129.7% per year) and Luxembourg (+76.9% per year).

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, declining by -18.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 97% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Romania ($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 Luxembourg (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Belgium

After four years of decline, overseas purchases of crude coconut (copra) oil increased by 253% to X tons in 2022. In general, imports, however, continue to indicate a noticeable curtailment. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude coconut oil imports surged to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +118.1% against 2020 indices. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the main crude coconut oil supplier to Belgium, accounting for a 98% share of total imports. It was followed by the Philippines (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to -1.5%.

In value terms, the Netherlands ($X) constituted the largest supplier of crude coconut (copra) oil to Belgium, comprising 96% of total imports. The second position in the ranking was held by the Philippines ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +2.6%.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, which is down by -55.3% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The growth pace was the most rapid in 2020 an increase of 108% against the previous year. The import price peaked at $X per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%).

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 accounting for 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, together accounting for 70% of global production. These countries were followed by the Netherlands, Vietnam, Mexico and Sri Lanka, which together accounted for a further 19%.

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

In value terms, the Netherlands constituted the largest supplier of coconut oil to Belgium, comprising 82% of total imports. The second position in the ranking was occupied by Germany, with a 5.5% share of total imports. It was followed by the Philippines, with a 3.1% share.

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

In value terms, the largest markets for coconut oil exported from Belgium were Germany, France and the Netherlands, together accounting for 59% of total exports. These countries were followed by the UK, Spain, Italy and Hungary, which together accounted for a further 33%.

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

The average coconut oil export price stood at $2,244 per ton in 2021, with an increase of 23% against the previous year.

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

The average coconut oil import price stood at $1,659 per ton in 2021, growing by 36% against the previous year.

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

Belgium

Data coverage:

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

Reasons to buy this report:

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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
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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