Central Asia: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in Central Asia

The Central Asian crude coconut oil market surged to $X in 2022, rising by 16% against the previous year. Over the period under review, consumption, however, showed a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in Central Asia

In value terms, crude coconut oil production amounted to $X in 2022 estimated in export price. In general, production, however, showed a precipitous decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 558% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Crude Coconut Oil Exports

Exports in Central Asia

In 2022, shipments abroad of crude coconut (copra) oil increased by 804% to X tons, rising for the second year in a row after eight years of decline. Over the period under review, exports, however, recorded a sharp reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports soared to $X in 2022. Overall, exports, however, continue to indicate a sharp contraction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Uzbekistan (X tons), together recording 99% of total export.

Uzbekistan was also the fastest-growing in terms of the crude coconut (copra) oil exports, with a CAGR of +7,900.0% from 2012 to 2022. While the share of Uzbekistan (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest crude coconut oil supplier in Central Asia.

In Uzbekistan, crude coconut oil exports increased at an average annual rate of +331.8% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, declining by -72% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2021 when the export price increased by 74% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to -94.6% per year.

Crude Coconut Oil Imports

Imports in Central Asia

In 2022, the amount of crude coconut (copra) oil imported in Central Asia fell to X tons, declining by -5.4% against 2021 figures. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2014 when imports increased by 88% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crude coconut oil imports surged to $X in 2022. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 113% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the major importing country with an import of about X tons, which resulted at 68% of total imports. It was distantly followed by Mongolia (X tons), achieving a 29% share of total imports. Uzbekistan (X kg) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to crude coconut oil imports into Kazakhstan stood at -17.2%. At the same time, Uzbekistan (+16.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +16.2% from 2012-2022. By contrast, Mongolia (-22.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+35 p.p.), Mongolia (+3.1 p.p.) and Uzbekistan (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported crude coconut (copra) oil in Central Asia, comprising 68% of total imports. The second position in the ranking was held by Mongolia ($X), with a 31% share of total imports.

In Kazakhstan, crude coconut oil imports decreased by an average annual rate of -4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (-8.2% per year) and Uzbekistan (+9.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, with an increase of 39% against the previous year. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2021 an increase of 91% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+17.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :