France: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in France

In 2022, the French refined coconut oil market decreased by -2.3% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption recorded a pronounced shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Refined Coconut Oil Production in France

In value terms, refined coconut oil production reached $X in 2022 estimated in export price. In general, production, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28% against the previous year. Refined coconut oil production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Refined Coconut Oil Exports

Exports from France

Refined coconut oil exports from France fell to X tons in 2022, almost unchanged from the year before. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by 77%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined coconut oil exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 95% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey (X tons), Germany (X tons) and the UK (X tons) were the main destinations of refined coconut oil exports from France, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +100.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and the UK ($X) were the largest markets for refined coconut oil exported from France worldwide, with a combined 79% share of total exports.

Turkey, with a CAGR of +98.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 65%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Coconut Oil Imports

Imports into France

In 2022, approx. X tons of refined coconut (copra) oil were imported into France; dropping by -13.3% on the year before. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 37% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, refined coconut oil imports totaled $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +49.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest refined coconut oil supplier to France, with a 65% share of total imports. Moreover, refined coconut oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.8% per year) and Belgium (+10.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined coconut (copra) oil to France, comprising 59% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.3% per year) and Belgium (+16.1% per year).

Import Prices by Country

The average refined coconut oil import price stood at $X per ton in 2022, surging by 21% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price increased by +82.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :