Norway: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in Norway

The Norwegian crude coconut oil market surged to $X in 2022, growing by 15% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Crude Coconut Oil Production in Norway

In value terms, crude coconut oil production skyrocketed to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 233%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Crude Coconut Oil Exports

Exports from Norway

In 2022, the amount of crude coconut (copra) oil exported from Norway reduced dramatically to X tons, falling by -69.1% compared with 2021 figures. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 9,899% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports declined significantly to $X in 2022. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 11,411% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for crude coconut oil exports from Norway, with a 98% share of total exports. It was followed by Germany (X kg), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +49.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.6% per year) and Denmark (-42.3% per year).

In value terms, Sweden ($X) remains the key foreign market for crude coconut (copra) oil exports from Norway, comprising 100% of total exports. The second position in the ranking was taken by Germany ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-23.9% per year) and Denmark (-37.8% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, picking up by 63% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Germany ($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 Denmark (+7.8%), while the prices for the other major destinations experienced a decline.

Crude Coconut Oil Imports

Imports into Norway

In 2022, approx. X tons of crude coconut (copra) oil were imported into Norway; dropping by -5% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, crude coconut oil imports declined sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 60% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sri Lanka (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of crude coconut oil imports to Norway, with a combined 67% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +42.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) constituted the largest supplier of crude coconut (copra) oil to Norway, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sri Lanka totaled +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and the Netherlands (+35.7% per year).

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, with a decrease of -17.3% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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