Report Update Nov 1, 2024

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

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Myanmar: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Myanmar

After two years of decline, the Myanmar's crude coconut oil market decreased by 0% to $X in 2022. Over the period under review, consumption recorded a significant curtailment. The pace of growth was the most pronounced in 2017 with a decrease of -70.4%. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Crude Coconut Oil Production in Myanmar

In value terms, crude coconut oil production contracted significantly to $X in 2022 estimated in export price. Overall, production saw a sharp descent. The most prominent rate of growth was recorded in 2019 when the production volume decreased by -23.9% against the previous year. Crude coconut oil production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Crude Coconut Oil Exports

Exports from Myanmar

In 2022, overseas shipments of crude coconut (copra) oil decreased by 0% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 1,711%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude coconut oil exports stood at $X in 2022. Overall, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2017 with an increase of 873%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for crude coconut oil exports from Myanmar, accounting for a 84% share of total exports. Moreover, crude coconut oil exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X kg), fivefold.

From 2016 to 2022, the average annual growth rate of volume to Malaysia stood at -25.1%.

From 2016 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to -40.6%.

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price faced a sharp descent. The most prominent rate of growth was recorded in 2017 when the average export price decreased by -46.3% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-20.7%).

Crude Coconut Oil Imports

Imports into Myanmar

In 2022, approx. X tons of crude coconut (copra) oil were imported into Myanmar; which is down by -50% against the year before. Overall, imports faced a precipitous decline. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports dropped notably to $X in 2022. Over the period under review, imports saw a precipitous slump. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of crude coconut oil to Myanmar, with a 92% share of total imports. Moreover, crude coconut oil imports from Thailand exceeded the figures recorded by the second-largest supplier, Sri Lanka (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +65.6%.

In value terms, Thailand ($X) and Sri Lanka ($X) appeared to be the largest crude coconut oil suppliers to Myanmar.

Thailand, with a CAGR of +41.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 a decrease of 99.9%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Sri Lanka ($X per ton), while the price for Thailand totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-3.4%).

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, with a combined 48% share 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, together accounting for 77% of global production. Vietnam, Mexico and Sri Lanka lagged somewhat behind, together accounting for a further 12%.

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

In value terms, Sri Lanka constituted the largest supplier of crude coconut oil to Myanmar.

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

In value terms, China remains the key foreign market for crude coconut oil exports from Myanmar.

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

The average crude coconut oil export price stood at $1,386 per ton in 2021, reducing by -22.8% against the previous year.

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

The average crude coconut oil import price stood at $7,919 per ton in 2021, remaining stable against the previous year.

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

Myanmar

Data coverage:

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