Report Update Nov 1, 2024

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

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Ireland: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Ireland

The Irish refined coconut oil market skyrocketed to $X in 2022, jumping by 1,310% against the previous year. In general, consumption, however, recorded a pronounced curtailment. Refined coconut oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Refined Coconut Oil Production in Ireland

In value terms, refined coconut oil production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 133%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Refined Coconut Oil Exports

Exports from Ireland

For the third consecutive year, Ireland recorded decline in overseas shipments of refined coconut (copra) oil, which decreased by 0% to X tons in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 2,256,000% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined coconut oil exports amounted to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 3,688,400%. The exports peaked 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 refined coconut oil exports from Ireland, with a 93% share of total exports. Moreover, refined coconut oil exports to the UK exceeded the volume sent to the second major destination, Cyprus (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to -28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+17.1% per year) and Malta (+30.5% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+22.4% per year) and Malta (+34.9% per year).

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, stabilizing at the previous year. In general, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 676% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the UK ($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 Pakistan (+2,422.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Ireland

In 2022, refined coconut oil imports into Ireland stood at X tons, flattening at the previous year. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by 13%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, refined coconut oil imports stood at $X in 2022. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by 30%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Indonesia (X tons) and Spain (X tons) were the main suppliers of refined coconut oil imports to Ireland, with a combined 92% share 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 Netherlands ($X), Indonesia ($X) and Spain ($X) appeared to be the largest refined coconut oil suppliers to Ireland, with a combined 87% share of total imports.

Among the main suppliers, Spain, with a CAGR of +112.8%, recorded the highest rates of growth with regard to 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 refined coconut oil import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price showed tangible growth. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($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 (+7.6%), 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 refined coconut (copra) oil in the world?

The United States constituted the country with the largest volume of refined coconut oil consumption, accounting for 56% of total volume. Moreover, refined coconut oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, ninefold. India ranked third in terms of total consumption with a 2.4% share.

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

The United States constituted the country with the largest volume of refined coconut oil production, accounting for 55% of total volume. Moreover, refined coconut oil production in the United States exceeded the figures recorded by the second-largest producer, China, tenfold. The third position in this ranking was occupied by India, with a 2.4% share.

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

In value terms, the Netherlands, Indonesia and Spain appeared to be the largest refined coconut oil suppliers to Ireland, with a combined 83% share of total imports.

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

In value terms, the UK remains the key foreign market for refined coconut oil exports from Ireland, comprising 88% of total exports. The second position in the ranking was occupied by Cyprus, with a 7.8% share of total exports.

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

In 2021, the average refined coconut oil export price amounted to $16,542 per ton, increasing by 117% against the previous year.

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

The average refined coconut oil import price stood at $2,012 per ton in 2021, rising by 20% against the previous year.

This report provides an in-depth analysis of the refined 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:

Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)

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
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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