Report Update Nov 1, 2024

Hungary - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Hungary

In 2022, the Hungarian crude coconut oil market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crude Coconut Oil Exports

Exports from Hungary

In 2022, overseas shipments of crude coconut (copra) oil increased by 3.5% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 12,321% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports reduced to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 12,526% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of crude coconut oil exports from Hungary, together comprising 49% of total exports. Slovakia, the Czech Republic, Romania, Italy, Slovenia, Bulgaria and Germany lagged somewhat behind, together accounting for a further 47%.

From 2013 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +171.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Croatia ($X) and Slovakia ($X) constituted the largest markets for crude coconut oil exported from Hungary worldwide, together comprising 47% of total exports.

Slovakia, with a CAGR of +180.1%, recorded the highest growth rate of the value of exports, among 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 crude coconut oil export price stood at $X per ton in 2022, dropping by -8.6% against the previous year. In general, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 26%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Hungary

In 2022, purchases abroad of crude coconut (copra) oil was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 559% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude coconut oil imports amounted to $X in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 246% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) was the main crude coconut oil supplier to Hungary, accounting for a 96% share of total imports. It was followed by the Netherlands (X tons), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +44.6%.

In value terms, Germany ($X) constituted the largest supplier of crude coconut (copra) oil to Hungary, comprising 93% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +53.4%.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, falling by -20.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 32%. The import price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

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 the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude coconut (copra) oil in the world?

The countries with the highest volumes of crude coconut oil consumption in 2021 were Indonesia, the Philippines and India, with a combined 48% share of global consumption. The Netherlands, Vietnam, the United States, Malaysia, Mexico, Germany, Italy and Sri Lanka lagged somewhat behind, together comprising a further 38%.

What are the largest producers of crude coconut (copra) oil in the world?

The countries with the highest volumes of crude coconut oil production in 2021 were the Philippines, Indonesia and India, together comprising 77% of global production. Vietnam, Mexico and Sri Lanka lagged somewhat behind, together accounting for a further 12%.

What are the leading suppliers of crude coconut (copra) oil to Hungary?

In value terms, Germany constituted the largest supplier of crude coconut oil to Hungary.

What are the leading importers of crude coconut (copra) oil from Hungary?

In value terms, Serbia, Croatia and Slovakia were the largest markets for crude coconut oil exported from Hungary worldwide, together comprising 46% of total exports.

What is the average export price for crude coconut (copra) oil in Hungary?

The average crude coconut oil export price stood at $4,499 per ton in 2021, with an increase of 4.3% against the previous year.

What is the average import price for crude coconut (copra) oil in Hungary?

The average crude coconut oil import price stood at $4,452 per ton in 2021, picking up by 14% against the previous year.

This report provides an in-depth analysis of the crude coconut oil market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 252 - Oil of Coconuts

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023