Finland: Coconut Oil Market 2025

Coconut Oil Market Size in Finland

The Finnish coconut oil market expanded slightly to $X in 2022, surging by 3.8% 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). Overall, consumption saw a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Coconut Oil Exports

Exports from Finland

In 2022, shipments abroad of coconut (copra) oil increased by 223% to X tons, rising for the second consecutive year after three years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,633% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, coconut oil exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,036%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for coconut oil exports from Finland, with a 66% share of total exports. Moreover, coconut oil exports to Russia exceeded the volume sent to the second major destination, Estonia (X tons), fourfold. Sweden (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +106.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+18.3% per year) and Sweden (+103.4% per year).

In value terms, Russia ($X) emerged as the key foreign market for coconut (copra) oil exports from Finland, comprising 60% of total exports. The second position in the ranking was held by Sweden ($X), with a 14% share of total exports. It was followed by Estonia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+92.7% per year) and Estonia (+11.2% per year).

Export Prices by Country

The average coconut oil export price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 23%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Estonia ($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 the Czech Republic (+12.9%), while the prices for the other major destinations experienced a decline.

Coconut Oil Imports

Imports into Finland

In 2022, approx. X tons of coconut (copra) oil were imported into Finland; declining by -10.7% against the year before. Over the period under review, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by 17%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coconut oil imports skyrocketed to $X in 2022. Overall, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 27% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of coconut oil to Finland, with a 48% share of total imports. Moreover, coconut oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +93.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+35.0% per year) and Sweden (-2.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of coconut (copra) oil to Finland, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +86.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.1% per year) and Sweden (+1.6% per year).

Import Prices by Country

The average coconut oil import price stood at $X per ton in 2022, surging by 30% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 +42.8% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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