Report Update Nov 1, 2024

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

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Iraq: Coconut Oil Market 2024

Coconut Oil Market Size in Iraq

In 2022, after two years of growth, there was significant decline in the Iraqi coconut oil market, when its value decreased by -21.7% to $X. In general, consumption, however, enjoyed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then declined sharply in the following year.

Coconut Oil Production in Iraq

In value terms, coconut oil production shrank to $X in 2022 estimated in export price. Overall, production faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Coconut oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Coconut Oil Exports

Exports from Iraq

In 2020, shipments abroad of coconut (copra) oil decreased by -99.4% to X kg for the first time since 2017, thus ending a two-year declining trend. In general, exports showed a sharp decline. The exports peaked at X tons in 2019, and then reduced sharply in the following year.

In value terms, coconut oil exports reduced rapidly to $X in 2020. Overall, exports saw a dramatic contraction. The exports peaked at $X in 2019, and then shrank sharply in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for coconut oil exports from Iraq, accounting for a approx. 100% share of total exports.

From 2017 to 2020, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for coconut (copra) oil exports from Iraq.

From 2017 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2020, the average coconut oil export price amounted to $X per ton, dropping by -24.2% against the previous year. Over the period under review, the export price continues to indicate a precipitous decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2017 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Coconut Oil Imports

Imports into Iraq

In 2022, after two years of growth, there was significant decline in overseas purchases of coconut (copra) oil, when their volume decreased by -13.1% to X tons. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 169%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, coconut oil imports declined significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 191%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest coconut oil supplier to Iraq, with a 34% share of total imports. Moreover, coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+28.1% per year) and Italy (+1,809.5% per year).

In value terms, Malaysia ($X) constituted the largest supplier of coconut (copra) oil to Iraq, comprising 29% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+36.3% per year) and Italy (+539.9% per year).

Import Prices by Country

In 2022, the average coconut oil import price amounted to $X per ton, falling by -14.2% against the previous year. In general, the import price showed a mild downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were the United States, the Netherlands and Indonesia, together comprising 35% of global consumption. These countries were followed by India, Germany, Vietnam, China, Sri Lanka, Mexico, Malaysia, Italy, France and South Korea, which together accounted for a further 42%.

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

The countries with the highest volumes of in 2021 were the Philippines, Indonesia and India, with a combined 70% share of global production. These countries were followed by the Netherlands, Vietnam, Mexico and Sri Lanka, which together accounted for a further 19%.

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

In value terms, Indonesia constituted the largest supplier of coconut oil to Iraq, comprising 82% of total imports. The second position in the ranking was occupied by Malaysia, with an 11% share of total imports.

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

In 2020, the average coconut oil export price amounted to $393 per ton, reducing by -47.1% against the previous year.

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

In 2021, the average coconut oil import price amounted to $1,148 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the coconut oil market in Iraq. 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:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
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