El Salvador: Coconut Oil Market 2020

Coconut Oil Market Size in El Salvador

The revenue of the coconut oil market in El Salvador amounted to $X in 2018, falling by -X% 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, coconut oil consumption continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. El Salvador coconut oil consumption peaked at $X in 2016; however, from 2017 to 2018, consumption remained at a lower figure.

Coconut Oil Exports

Exports from El Salvador

In 2018, approx. X kg of crude coconut (copra) oil were exported from El Salvador; dropping by -X% against the previous year. In general, coconut oil exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, coconut oil exports reached their maximum at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, coconut oil exports amounted to $X in 2018. In general, coconut oil exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. El Salvador exports peaked at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, the Philippines (X tons) was the largest exporter of crude coconut (copra) oil, mixing up X% of total exports. It was distantly followed by Indonesia (X tons), committing a X% share of total exports. The following exporters - the Netherlands (X tons), Papua New Guinea (X tons), Malaysia (X tons) and the U.S. (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the largest coconut oil supplier from El Salvador, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by Papua New Guinea, with a X% share.

In the Philippines, coconut oil exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Indonesia (-X% per year) and Papua New Guinea (+X% per year).

Export Prices by Country

The coconut oil export price in El Salvador stood at $X per ton in 2018, rising by X% against the previous year. In general, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, coconut oil export price increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. El Salvador export price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Coconut Oil Imports

Imports into El Salvador

Coconut oil imports into El Salvador stood at X tons in 2018, reducing by -X% against the previous year. Over the period under review, coconut oil imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, coconut oil imports attained their maximum at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, coconut oil imports amounted to $X in 2018. Over the period under review, coconut oil imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. El Salvador imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the Netherlands (X tons), distantly followed by the U.S. (X tons), Malaysia (X tons), China (X tons) and Germany (X tons) were the major importers of crude coconut (copra) oil, together constituting X% of total imports. The following importers - Spain (X tons) and Italy (X tons) - each recorded a X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported crude coconut (copra) oil into El Salvador, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in the Netherlands totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the coconut oil import price in El Salvador amounted to $X per ton, rising by X% against the previous year. Over the period under review, the coconut oil import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X% y-o-y. Over the period under review, the import prices for crude coconut (copra) oil reached their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform