France: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in France

In 2022, the French crude coconut oil market decreased by -9.5% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Crude coconut oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Crude Coconut Oil Production in France

In value terms, crude coconut oil production reached $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 149% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from France

Crude coconut oil exports from France skyrocketed to X tons in 2022, picking up by 128% on the previous year. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude coconut oil exports skyrocketed to $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 190%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for crude coconut oil exports from France, accounting for a 52% share of total exports. Moreover, crude coconut oil exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Sri Lanka (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+57.2% per year) and Sri Lanka (-5.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for crude coconut (copra) oil exports from France, comprising 60% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by Sri Lanka, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+51.9% per year) and Sri Lanka (+7.3% per year).

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Morocco ($X per ton), while the average price for exports to Sri Lanka ($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 UK (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into France

In 2022, after two years of growth, there was significant decline in supplies from abroad of crude coconut (copra) oil, when their volume decreased by -17% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 38% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, crude coconut oil imports contracted slightly to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +63.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

The Philippines (X tons), Indonesia (X tons) and French Polynesia (X tons) were the main suppliers of crude coconut oil imports to France, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +7.4%), while imports for the other leaders experienced a decline.

In value terms, the Philippines ($X) constituted the largest supplier of crude coconut (copra) oil to France, comprising 48% of total imports. The second position in the ranking was held by Indonesia ($X), with a 22% share of total imports. It was followed by French Polynesia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from the Philippines stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.8% per year) and French Polynesia (-0.6% per year).

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, growing by 15% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude coconut oil import price increased by +64.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2017; afterwards, it flattened through to 2022.

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 (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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