Italy: Coconut Oil Market 2025

Coconut Oil Market Size in Italy

In 2022, the Italian coconut oil market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.5% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Coconut Oil Production in Italy

In value terms, coconut oil production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +96.1% against 2012 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Coconut Oil Exports

Exports from Italy

Coconut oil exports from Italy amounted to X tons in 2022, with an increase of 7.3% on the previous year. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of 34%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, coconut oil exports skyrocketed to $X in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 49%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Austria (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of coconut oil exports from Italy, together accounting for 58% of total exports. Slovenia, Spain, Romania, France, Germany, Serbia, Iraq, Moldova, the Czech Republic and Croatia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +2,689.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Poland ($X) and Hungary ($X) constituted the largest markets for coconut oil exported from Italy worldwide, together comprising 55% of total exports. France, Slovenia, Romania, Germany, Spain, Iraq, Serbia, Moldova, the Czech Republic and Croatia lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Iraq, with a CAGR of +933.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coconut oil export price amounted to $X per ton, surging by 20% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil export price increased by +72.6% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 Germany (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Oil Imports

Imports into Italy

In 2022, the amount of coconut (copra) oil imported into Italy expanded sharply to X tons, growing by 12% on the year before. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, coconut oil imports soared to $X in 2022. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest coconut oil supplier to Italy, with a 69% share of total imports. Moreover, coconut oil imports from the Philippines exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.6% per year) and Spain (+10.8% per year).

In value terms, the Philippines ($X) constituted the largest supplier of coconut (copra) oil to Italy, comprising 64% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from the Philippines stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.1% per year) and Spain (+15.3% per year).

Import Prices by Country

The average coconut oil import price stood at $X per ton in 2022, rising by 24% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by +97.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 60%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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