France: Coconut Oil Market 2024

Coconut Oil Market Size in France

After two years of growth, the French coconut oil market decreased by -7.3% to $X in 2022. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Coconut Oil Production in France

In value terms, coconut oil production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 76% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Coconut Oil Exports

Exports from France

Coconut oil exports from France stood at X tons in 2022, standing approx. at the previous year. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, coconut oil exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons), Germany (X tons) and the UK (X tons) were the main destinations of coconut oil exports from France, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +99.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coconut oil exported from France were Germany ($X), Turkey ($X) and the UK ($X), with a combined 77% share of total exports.

Among the main countries of destination, Turkey, with a CAGR of +97.1%, recorded the highest growth rate of the value of exports, 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 coconut oil export price amounted to $X per ton, with an increase of 15% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil export price increased by +82.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 59%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Italy (+22.8%), while the prices for the other major destinations experienced mixed trend patterns.

Coconut Oil Imports

Imports into France

In 2022, overseas purchases of coconut (copra) oil decreased by -15.2% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, coconut oil imports totaled $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The Netherlands (X tons), the Philippines (X tons) and Indonesia (X tons) were the main suppliers of coconut oil imports to France, with a combined 71% share of total imports. French Polynesia, Spain, Belgium and Germany lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut oil suppliers to France were the Netherlands ($X), the Philippines ($X) and Indonesia ($X), with a combined 67% share of total imports. Spain, French Polynesia, Belgium and Germany lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Belgium, with a CAGR of +16.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coconut oil import price amounted to $X per ton, growing by 18% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 +73.1% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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