Report Update Nov 1, 2024

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

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Mexico: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Mexico

The Mexican crude coconut oil market shrank to $X in 2022, remaining stable against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Crude Coconut Oil Production in Mexico

In value terms, crude coconut oil production reduced modestly to $X in 2022 estimated in export price. Overall, production posted a modest increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 339% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from Mexico

In 2022, shipments abroad of crude coconut (copra) oil decreased by 0% to X tons, falling for the second consecutive year after two years of growth. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 231%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports totaled $X in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 175%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for crude coconut oil exports from Mexico, accounting for a 77% share of total exports. Moreover, crude coconut oil exports to Colombia exceeded the volume sent to the second major destination, Israel (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled +48.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+19.9% per year) and the United States (-9.5% per year).

It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled +53.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+37.8% per year) and the United States (-7.2% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 the United States ($X per ton), while the average price for exports to Panama ($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 Israel (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Mexico

In 2022, after three years of growth, there was significant decline in purchases abroad of crude coconut (copra) oil, when their volume decreased by -99.4% to X tons. Over the period under review, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 246%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, crude coconut oil imports reduced rapidly to $X in 2022. Overall, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 201% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of crude coconut oil to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -13.3%.

In value terms, the United States ($X) constituted the largest supplier of crude coconut (copra) oil to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +2.3%.

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, picking up by 168% against the previous year. In general, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +18.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude coconut (copra) oil in the world?

The countries with the highest volumes of crude coconut oil consumption in 2021 were Indonesia, the Philippines and India, together accounting for 48% of global consumption. These countries were followed by the Netherlands, Vietnam, the United States, Malaysia, Mexico, Germany, Italy and Sri Lanka, which together accounted for a further 38%.

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

The countries with the highest volumes of crude coconut oil production in 2021 were the Philippines, Indonesia and India, with a combined 77% share of global production. These countries were followed by Vietnam, Mexico and Sri Lanka, which together accounted for a further 12%.

What are the leading suppliers of crude coconut (copra) oil to Mexico?

In value terms, the Philippines constituted the largest supplier of crude coconut oil to Mexico, comprising 85% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 6.8% share of total imports.

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

In value terms, the United States remains the key foreign market for crude coconut oil exports from Mexico, comprising 68% of total exports. The second position in the ranking was occupied by Colombia, with a 22% share of total exports. It was followed by Chile, with a 5.2% share.

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

The average crude coconut oil export price stood at $5,156 per ton in 2021, growing by 22% against the previous year.

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

The average crude coconut oil import price stood at $1,798 per ton in 2021, increasing by 14% against the previous year.

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

Mexico

Data coverage:

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