Cote d'Ivoire: Refined Coconut Oil Market 2025

Refined Coconut Oil Market Size in Cote d'Ivoire

The Cote d'Ivoire's refined coconut oil market contracted slightly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, saw a relatively flat trend pattern. Refined coconut oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Refined Coconut Oil Production in Cote d'Ivoire

In value terms, refined coconut oil production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Refined Coconut Oil Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of refined coconut (copra) oil were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 28,350% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined coconut oil exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 23,208% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for refined coconut oil exports from Cote d'Ivoire, accounting for a 63% share of total exports. Moreover, refined coconut oil exports to Burkina Faso exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.3% per year) and Italy (+60.3% per year).

In value terms, Switzerland ($X), Italy ($X) and Burkina Faso ($X) appeared to be the largest markets for refined coconut oil exported from Cote d'Ivoire worldwide, together accounting for 93% of total exports. Senegal, Niger and Belgium lagged somewhat behind, together comprising a further 3.8%.

Senegal, with a CAGR of +39.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2022, falling by -44.3% against the previous year. Over the period under review, the export price, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2017 an increase of 90%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Burkina Faso ($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 Niger (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of refined coconut (copra) oil were imported into Cote d'Ivoire; waning by -51.7% compared with the previous year's figure. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 365%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, refined coconut oil imports reduced remarkably to $X in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 548% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of refined coconut oil to Cote d'Ivoire, accounting for a 80% share of total imports. Moreover, refined coconut oil imports from Thailand exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), sevenfold. Lebanon (X kg) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand totaled +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+37.2% per year) and Lebanon (+71.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of refined coconut (copra) oil to Cote d'Ivoire, comprising 74% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by India, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +53.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+110.5% per year) and India (+91.3% per year).

Import Prices by Country

The average refined coconut oil import price stood at $X per ton in 2022, growing by 33% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 39% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+53.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform