Netherlands: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in the Netherlands

In 2022, the Dutch crude coconut oil market increased by 35% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated moderate growth from 2012 to 2022: its value 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, consumption increased by +97.0% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Crude Coconut Oil Exports

Exports from the Netherlands

In 2022, exports of crude coconut (copra) oil from the Netherlands soared to X tons, with an increase of 49% compared with the year before. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 198%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 126%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for crude coconut oil exports from the Netherlands, accounting for a 67% share of total exports. Moreover, crude coconut oil exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.1% per year) and Poland (+62.4% per year).

In value terms, Sweden ($X) remains the key foreign market for crude coconut (copra) oil exports from the Netherlands, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.5% per year) and France (+8.2% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, which is down by -10.1% against the previous year. Over the period under review, the export price, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 France (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into the Netherlands

In 2022, the amount of crude coconut (copra) oil imported into the Netherlands skyrocketed to X tons, increasing by 18% on 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports soared to $X in 2022. In general, imports saw a notable increase. The growth pace was the most rapid in 2021 with an increase of 77%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest crude coconut oil supplier to the Netherlands, with a 85% share of total imports. Moreover, crude coconut oil imports from the Philippines exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines stood at +2.2%.

In value terms, the Philippines ($X) constituted the largest supplier of crude coconut (copra) oil to the Netherlands, comprising 85% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Philippines totaled +6.8%.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, jumping by 24% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude coconut oil import price increased by +117.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for Indonesia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.5%).

Source: IndexBox Platform

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