Czech Republic: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in the Czech Republic

In 2022, the Czech crude coconut oil market decreased by -16.8% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Crude Coconut Oil Exports

Exports from the Czech Republic

In 2022, the amount of crude coconut (copra) oil exported from the Czech Republic soared to X tons, jumping by 15% on the year before. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 593% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, crude coconut oil exports fell markedly to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 769%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main destinations of crude coconut oil exports from the Czech Republic, with a combined 93% share of total exports. Austria, Romania and the Netherlands lagged somewhat behind, together accounting for a further 3.6%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +130.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Poland ($X) appeared to be the largest markets for crude coconut oil exported from the Czech Republic worldwide, together accounting for 90% of total exports. Austria, Romania and the Netherlands lagged somewhat behind, together accounting for a further 5.3%.

Austria, with a CAGR of +129.7%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, waning by -35.7% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth was the most pronounced in 2014 an increase of 33%. As a result, the export price attained 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 the Netherlands ($X per ton), while the average price for exports to Slovakia ($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 Chile (+12.6%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Coconut Oil Imports

Imports into the Czech Republic

In 2022, supplies from abroad of crude coconut (copra) oil decreased by -1% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 95%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports fell notably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 119%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Sri Lanka (X tons), the Philippines (X tons) and Germany (X tons) were the main suppliers of crude coconut oil imports to the Czech Republic, together accounting for 67% of total imports. The Netherlands, Hungary, Slovenia, Vietnam and Sweden lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +179.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), the Philippines ($X) and Germany ($X) appeared to be the largest crude coconut oil suppliers to the Czech Republic, together accounting for 68% of total imports. The Netherlands, Hungary, Slovenia, Vietnam and Sweden lagged somewhat behind, together comprising a further 28%.

Slovenia, with a CAGR of +131.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, falling by -14.5% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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