Report Update Nov 1, 2024

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

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Ireland: Coconut Oil Market 2024

Coconut Oil Market Size in Ireland

The Irish coconut oil market skyrocketed to $X in 2022, growing by 149,744% against the previous year. Overall, consumption, however, saw a noticeable downturn. Coconut oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Coconut Oil Production in Ireland

In value terms, coconut oil production fell to $X in 2022 estimated in export price. In general, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 202% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Coconut Oil Exports

Exports from Ireland

In 2022, shipments abroad of coconut (copra) oil decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 968%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, coconut oil exports totaled $X in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 968% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for coconut oil exports from Ireland, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -4.6%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +8.7%.

Export Prices by Country

The average coconut oil export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 101%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 UK.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +76.7% per year.

Coconut Oil Imports

Imports into Ireland

In 2022, the amount of coconut (copra) oil imported into Ireland amounted to X tons, approximately mirroring the previous year's figure. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 15%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, coconut oil imports amounted to $X in 2022. Overall, imports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 when imports increased by 31%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Indonesia (X tons) and Spain (X tons) were the main suppliers of coconut oil imports to Ireland, together accounting for 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +104.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut oil suppliers to Ireland were the Netherlands ($X), Indonesia ($X) and Spain ($X), together accounting for 81% of total imports.

Among the main suppliers, Spain, with a CAGR of +112.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coconut oil import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price saw a pronounced increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 33%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.7%), 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 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 Ireland?

In value terms, the largest coconut oil suppliers to Ireland were the Netherlands, Indonesia and Spain, together comprising 72% of total imports.

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

In value terms, the UK remains the key foreign market for coconut oil exports from Ireland, comprising 90% of total exports. The second position in the ranking was occupied by Cyprus, with a 6.4% share of total exports.

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

In 2021, the average coconut oil export price amounted to $6,949 per ton, with an increase of 100% against the previous year.

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

The average coconut oil import price stood at $2,211 per ton in 2021, with an increase of 20% against the previous year.

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

Ireland

Data coverage:

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