Report Bulgaria - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Bulgaria: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Bulgaria

The Bulgarian crude coconut oil market dropped modestly to $X in 2022, stabilizing at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Crude Coconut Oil Production in Bulgaria

In value terms, crude coconut oil production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Crude Coconut Oil Exports

Exports from Bulgaria

In 2022, after two years of growth, there was significant decline in overseas shipments of crude coconut (copra) oil, when their volume decreased by -18.8% to X tons. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 178% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports shrank rapidly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 141% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Romania (X tons) was the main destination for crude coconut oil exports from Bulgaria, accounting for a 51% share of total exports. Moreover, crude coconut oil exports to Romania exceeded the volume sent to the second major destination, North Macedonia (X tons), eightfold. The third position in this ranking was taken by Cyprus (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+26.8% per year) and Cyprus (+19.9% per year).

In value terms, Romania ($X) remains the key foreign market for crude coconut (copra) oil exports from Bulgaria, comprising 52% of total exports. The second position in the ranking was taken by Cyprus ($X), with a 6.8% share of total exports. It was followed by North Macedonia, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Romania totaled +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+23.6% per year) and North Macedonia (+21.3% per year).

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, falling by -9.2% against the previous year. Overall, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 621%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Slovenia ($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 Greece (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Bulgaria

Crude coconut oil imports into Bulgaria expanded rapidly to X tons in 2022, growing by 8.5% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 797% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports contracted slightly to $X in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 213%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of crude coconut oil to Bulgaria, accounting for a 59% share of total imports. Moreover, crude coconut oil imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Lithuania (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka amounted to +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.9% per year) and Lithuania (+80.5% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of crude coconut (copra) oil to Bulgaria, comprising 57% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Lithuania, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka amounted to +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.1% per year) and Lithuania (+89.6% per year).

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, which is down by -8.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 193%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of crude coconut oil consumption in 2021 were Indonesia, the Philippines and India, with a combined 48% share of global consumption. The Netherlands, Vietnam, the United States, Malaysia, Mexico, Germany, Italy and Sri Lanka lagged somewhat behind, together comprising a further 38%.
The countries with the highest volumes of crude coconut oil production in 2021 were the Philippines, Indonesia and India, with a combined 77% share of global production. Vietnam, Mexico and Sri Lanka lagged somewhat behind, together comprising a further 12%.
In value terms, the largest crude coconut oil suppliers to Bulgaria were Sri Lanka, Lithuania and the Philippines, together comprising 73% of total imports.
In value terms, Romania remains the key foreign market for crude coconut oil exports from Bulgaria, comprising 48% of total exports. The second position in the ranking was occupied by Ukraine, with an 8.7% share of total exports. It was followed by North Macedonia, with a 6.8% share.
In 2021, the average crude coconut oil export price amounted to $7,518 per ton, picking up by 15% against the previous year.
The average crude coconut oil import price stood at $4,675 per ton in 2021, surging by 10% against the previous year.

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

  • Bulgaria

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Bulgaria
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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