Chile: Coconut Oil Market 2025

Coconut Oil Market Size in Chile

In 2022, after two years of growth, there was significant decline in the Chilean coconut oil market, when its value decreased by -47.8% to $X. Over the period under review, consumption, however, posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell rapidly in the following year.

Coconut Oil Exports

Exports from Chile

In 2022, coconut oil exports from Chile soared to X tons, with an increase of 4,582% against the year before. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coconut oil exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for coconut oil exports from Chile, accounting for a 89% share of total exports. Moreover, coconut oil exports to Argentina exceeded the volume sent to the second major destination, Peru (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest.

In value terms, Argentina ($X) emerged as the key foreign market for coconut (copra) oil exports from Chile, comprising 84% of total exports. The second position in the ranking was held by Peru ($X), with a 16% share of total exports.

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

Export Prices by Country

In 2022, the average coconut oil export price amounted to $X per ton, which is down by -23.4% against the previous year. Overall, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+36.3%).

Coconut Oil Imports

Imports into Chile

In 2022, after two years of growth, there was significant decline in supplies from abroad of coconut (copra) oil, when their volume decreased by -20.8% to X tons. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 88%. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, coconut oil imports reduced markedly to $X in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 106%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons), India (X tons) and Sri Lanka (X tons) were the main suppliers of coconut oil imports to Chile, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +195.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), India ($X) and Sri Lanka ($X) were the largest coconut oil suppliers to Chile, together accounting for 63% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +140.1%, 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

The average coconut oil import price stood at $X per ton in 2022, which is down by -3.3% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by +13.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 33%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 the United States ($X per ton), while the price for Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+44.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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