MERCOSUR: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in MERCOSUR

The MERCOSUR crude coconut oil market stood at $X in 2022, surging by 5.3% against the previous year. In general, consumption showed prominent growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in MERCOSUR

In value terms, crude coconut oil production expanded significantly to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 99%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crude Coconut Oil Exports

Exports in MERCOSUR

In 2022, overseas shipments of crude coconut (copra) oil decreased by -51.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2019 with an increase of 236%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 93%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Chile (X tons) represented the largest exporter of crude coconut (copra) oil, committing 44% of total exports. It was distantly followed by Peru (X tons), Brazil (X tons), Guyana (X tons), Uruguay (X tons) and Suriname (X tons), together committing a 56% share of total exports.

Exports from Chile decreased at an average annual rate of -10.3% from 2012 to 2022. At the same time, Peru (+43.8%), Brazil (+33.1%), Suriname (+19.7%) and Uruguay (+2.2%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +43.8% from 2012-2022. By contrast, Guyana (-45.6%) illustrated a downward trend over the same period. Chile (+44 p.p.), Peru (+18 p.p.), Brazil (+16 p.p.), Uruguay (+6.7 p.p.) and Suriname (+6.5 p.p.) significantly strengthened its position in terms of the total exports, while Guyana saw its share reduced by -59.4% from 2012 to 2022, respectively.

In value terms, the largest crude coconut oil supplying countries in MERCOSUR were Chile ($X), Peru ($X) and Brazil ($X), with a combined 77% share of total exports.

Peru, with a CAGR of +41.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, dropping by -9.9% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 109% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.1%), while the other leaders experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports in MERCOSUR

In 2022, supplies from abroad of crude coconut (copra) oil decreased by -36.2% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a noticeable decrease. The growth pace was the most rapid in 2016 when imports increased by 176%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports declined notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 226%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the largest importer of crude coconut (copra) oil in MERCOSUR, with the volume of imports reaching X tons, which was approx. 42% of total imports in 2022. Suriname (X tons) held the second position in the ranking, followed by Chile (X tons), Peru (X tons), Argentina (X tons) and Uruguay (X tons). All these countries together held approx. 53% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crude coconut oil imports into Brazil stood at -4.6%. At the same time, Peru (+70.3%), Ecuador (+39.7%), Suriname (+31.2%), Uruguay (+10.6%) and Chile (+6.8%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +70.3% from 2012-2022. By contrast, Argentina (-21.1%) illustrated a downward trend over the same period. Suriname (+18 p.p.), Peru (+9.5 p.p.), Chile (+9 p.p.), Ecuador (+4.2 p.p.) and Uruguay (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Argentina saw its share reduced by -8.7% and -36.3% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported crude coconut (copra) oil in MERCOSUR, comprising 38% of total imports. The second position in the ranking was held by Suriname ($X), with a 17% share of total imports. It was followed by Chile, with a 14% share.

In Brazil, crude coconut oil imports shrank by an average annual rate of -7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Suriname (+49.8% per year) and Chile (+13.9% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, declining by -5.2% against the previous year. Overall, the import price, however, showed notable growth. The most prominent rate of growth was recorded in 2015 an increase of 73% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform