Report Update Nov 1, 2024

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

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Iraq: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Iraq

In 2022, after two years of growth, there was decline in the Iraqi crude coconut oil market, when its value decreased by -0.9% to $X. Overall, consumption saw a abrupt downturn. Crude coconut oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crude Coconut Oil Production in Iraq

In value terms, crude coconut oil production shrank to $X in 2022 estimated in export price. In general, production, however, saw a sharp decline. The pace of growth was the most pronounced in 2021 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from Iraq

In 2020, approx. X kg of crude coconut (copra) oil were exported from Iraq; shrinking by -99.4% against the year before. In general, exports showed a significant decline. The exports peaked at X tons in 2019, and then shrank notably in the following year.

In value terms, crude coconut oil exports fell notably to $X in 2020. Over the period under review, exports showed a dramatic decline. Over the period under review, the exports reached the maximum at $X in 2019, and then declined markedly in the following year.

Exports by Country

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

From 2019 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 crude coconut (copra) oil exports from Iraq.

From 2019 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 crude coconut oil export price amounted to $X per ton, shrinking by -24.2% against the previous year. In general, the export price showed a significant curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2019, and then fell sharply in the following year.

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

From 2019 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Crude Coconut Oil Imports

Imports into Iraq

After four years of growth, purchases abroad of crude coconut (copra) oil decreased by -25.1% to X tons in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 139%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports declined rapidly to $X in 2022. Over the period under review, imports recorded a mild curtailment. The growth pace was the most rapid in 2015 when imports increased by 412%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sri Lanka (X kg), India (X kg) and the United Arab Emirates (X kg) were the main suppliers of crude coconut oil imports to Iraq, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +118.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Sri Lanka ($X) constituted the largest supplier of crude coconut (copra) oil to Iraq, comprising 59% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by India, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka amounted to +213.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-16.2% per year) and India (+8.2% per year).

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, with a decrease of -2.2% against the previous year. In general, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2015 an increase of 114% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Sri Lanka ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+43.9%), 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, together accounting for 48% of global consumption. The Netherlands, Vietnam, the United States, Malaysia, Mexico, Germany, Italy and Sri Lanka lagged somewhat behind, together accounting for 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, with a combined 77% share 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 Iraq?

In value terms, the United Arab Emirates constituted the largest supplier of crude coconut oil to Iraq, comprising 83% of total imports. The second position in the ranking was occupied by India $396), with an 8.3% share of total imports. It was followed by Turkey, with a 4.4% share.

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

The average crude coconut oil export price stood at $308 per ton in 2020, declining by -58.5% against the previous year.

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

The average crude coconut oil import price stood at $5,210 per ton in 2021, waning by -40.4% against the previous year.

This report provides an in-depth analysis of the crude 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