Report Update Nov 1, 2024

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

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Kuwait: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Kuwait

The Kuwaiti refined coconut oil market reduced slightly to $X in 2022, with a decrease of -4.7% against the previous year. Overall, consumption, however, enjoyed measured growth. Refined coconut oil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Refined Coconut Oil Production in Kuwait

In value terms, refined coconut oil production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a sharp decrease. The growth pace was the most rapid in 2016 with an increase of 179%. Refined coconut oil production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Coconut Oil Exports

Exports from Kuwait

For the third consecutive year, Kuwait recorded decline in overseas shipments of refined coconut (copra) oil, which decreased by 0% to X kg in 2021. Over the period under review, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 219%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, refined coconut oil exports stood at $X in 2021. In general, exports recorded a perceptible setback. The growth pace was the most rapid in 2018 with an increase of 710%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X kg) was the main destination for refined coconut oil exports from Kuwait, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Georgia was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Georgia was relatively modest.

Export Prices by Country

In 2021, the average refined coconut oil export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 182% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2015 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -0.0% per year.

Refined Coconut Oil Imports

Imports into Kuwait

Refined coconut oil imports into Kuwait reduced to X tons in 2022, which is down by -9.1% on 2021. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 120% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, refined coconut oil imports dropped to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 147% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of refined coconut oil to Kuwait, accounting for a 82% share of total imports. Moreover, refined coconut oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.9% per year) and Indonesia (-11.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of refined coconut (copra) oil to Kuwait, comprising 75% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.7% per year) and Indonesia (-4.6% per year).

Import Prices by Country

In 2022, the average refined coconut oil import price amounted to $X per ton, rising by 4.4% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price decreased by -4.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Malaysia ($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 (+8.0%), 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 refined coconut (copra) oil in the world?

The country with the largest volume of refined coconut oil consumption was the United States, comprising approx. 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 country with the largest volume of refined coconut oil production was the United States, comprising approx. 55% of total volume. Moreover, refined coconut oil production in the United States exceeded the figures recorded by the second-largest producer, China, tenfold. India ranked third in terms of total production with a 2.4% share.

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

In value terms, Malaysia constituted the largest supplier of refined coconut oil to Kuwait, comprising 74% of total imports. The second position in the ranking was occupied by India, with a 17% share of total imports.

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

In value terms, the largest markets for refined coconut oil exported from Kuwait were Qatar and the United Arab Emirates.

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

In 2019, the average refined coconut oil export price amounted to $2,340 per ton, dropping by -21.8% against the previous year.

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

In 2021, the average refined coconut oil import price amounted to $1,964 per ton, which is down by -22.5% against the previous year.

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

Kuwait

Data coverage:

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