Report Update Nov 1, 2024

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

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Oman: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Oman

The Omani crude coconut oil market soared to $X in 2022, picking up by 17% against the previous year. Over the period under review, consumption saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Crude Coconut Oil Production in Oman

In value terms, crude coconut oil production declined modestly to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 49%. Crude coconut oil production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Crude Coconut Oil Exports

Exports from Oman

In 2022, crude coconut oil exports from Oman shrank to X tons, which is down by -10.7% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 72% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 187%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Somalia (X tons) and Qatar (X tons) were the main destinations of crude coconut oil exports from Oman.

From 2012 to 2022, the biggest increases were recorded for Somalia (with a CAGR of +2.3%).

In value terms, Somalia ($X) and Qatar ($X) appeared to be the largest markets for crude coconut oil exported from Oman worldwide.

Qatar, with a CAGR of +15.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2022, increasing by 2.1% against the previous year. Over the period under review, the export price enjoyed a notable increase. The growth pace was the most rapid in 2016 when the average export price increased by 67%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Somalia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+16.0%).

Crude Coconut Oil Imports

Imports into Oman

In 2022, imports of crude coconut (copra) oil into Oman rose remarkably to X tons, growing by 13% on the year before. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 381% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 433%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Sri Lanka (X tons) and Malaysia (X kg) were the main suppliers of crude coconut oil imports to Oman, together comprising 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +62.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Sri Lanka ($X) and India ($X) appeared to be the largest crude coconut oil suppliers to Oman, together accounting for 71% of total imports.

The United Arab Emirates, with a CAGR of +62.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average crude coconut oil import price stood at $X per ton in 2022, growing by 13% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 decreased by -8.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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. The Netherlands, Vietnam, the United States, Malaysia, Mexico, Germany, Italy and Sri Lanka lagged somewhat behind, together accounting 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 Oman?

In value terms, Singapore constituted the largest supplier of crude coconut oil to Oman, comprising 83% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 13% share of total imports.

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

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

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

The average crude coconut oil export price stood at $3,460 per ton in 2021, shrinking by -5.3% against the previous year.

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

In 2021, the average crude coconut oil import price amounted to $3,969 per ton, picking up by 8% against the previous year.

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

Oman

Data coverage:

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