Egypt: Coconut Oil Market 2025

Coconut Oil Market Size in Egypt

The Egyptian coconut oil market rose rapidly to $X in 2022, surging by 5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Coconut Oil Exports

Exports from Egypt

In 2022, coconut oil exports from Egypt declined notably to X tons, waning by -46.7% against the previous year. In general, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 with an increase of 1,400% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coconut oil exports dropped markedly to $X in 2022. Overall, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 175%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for coconut oil exports from Egypt, with a 90% share of total exports. Moreover, coconut oil exports to the United States exceeded the volume sent to the second major destination, Montenegro (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+6,917.6% per year) and Sudan (-17.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for coconut (copra) oil exports from Egypt, comprising 60% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+8,397.7% per year) and Sudan (-13.2% per year).

Export Prices by Country

In 2022, the average coconut oil export price amounted to $X per ton, picking up by 28% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 87%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to the United States ($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 Saudi Arabia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Oil Imports

Imports into Egypt

Coconut oil imports into Egypt contracted to X tons in 2022, approximately equating the year before. Overall, imports showed a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of 52%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, coconut oil imports rose notably to $X in 2022. Over the period under review, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest coconut oil supplier to Egypt, accounting for a 64% share of total imports. Moreover, coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. Mozambique (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.0% per year) and Mozambique (-77.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of coconut (copra) oil to Egypt, comprising 64% of total imports. The second position in the ranking was held by Indonesia ($X), with a 28% share of total imports. It was followed by Mozambique, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-1.2% per year) and Mozambique (-73.3% per year).

Import Prices by Country

In 2022, the average coconut oil import price amounted to $X per ton, surging by 9% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +165.9% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 61%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and India ($X per ton), while the price for Mozambique ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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