Report Update Nov 1, 2024

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

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Saudi Arabia: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Saudi Arabia

In 2022, the Saudi crude coconut oil market decreased by 0% to less than $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Crude Coconut Oil Production in Saudi Arabia

In value terms, crude coconut oil production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a significant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 138,398,500% against the previous year. Crude coconut oil production peaked at $X in 2020; afterwards, it flattened through to 2022.

Crude Coconut Oil Exports

Exports from Saudi Arabia

In 2019, shipments abroad of crude coconut (copra) oil increased by 142% to X kg, rising for the fifth year in a row after two years of decline. Over the period under review, exports, however, recorded a dramatic descent. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports surged to $X in 2019. In general, exports, however, showed a sharp decrease. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for crude coconut oil exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

The average crude coconut oil export price stood at $X per ton in 2019, picking up by 6.9% against the previous year. Overall, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to -36.7% per year.

Crude Coconut Oil Imports

Imports into Saudi Arabia

Crude coconut oil imports into Saudi Arabia fell dramatically to X tons in 2022, which is down by -50% compared with the year before. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, crude coconut oil imports reduced remarkably to $X in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 104%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of crude coconut oil to Saudi Arabia, accounting for a 29% share of total imports. Moreover, crude coconut oil imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka stood at +186.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and the UK (0.0% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of crude coconut (copra) oil to Saudi Arabia, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 2.5% share of total imports. It was followed by the UK, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka totaled +89.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and the UK (0.0% per year).

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a moderate increase. The pace of growth appeared the most rapid in 2014 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 the United States ($X per ton), while the price for the UK ($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 (+12.5%), 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 coconut (copra) oil in the world?

The countries with the highest volumes of in 2021 were the United States, the Netherlands and Indonesia, together comprising 35% of global consumption. India, Germany, Vietnam, China, Sri Lanka, Mexico, Malaysia, Italy, France and South Korea lagged somewhat behind, together accounting for a further 42%.

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

The countries with the highest volumes of in 2021 were the Philippines, Indonesia and India, together comprising 70% of global production. These countries were followed by the Netherlands, Vietnam, Mexico and Sri Lanka, which together accounted for a further 19%.

What are the leading suppliers of coconut (copra) oil to Saudi Arabia?

In value terms, the largest coconut oil suppliers to Saudi Arabia were India, Singapore and Malaysia, together accounting for 86% of total imports.

What are the leading importers of coconut (copra) oil from Saudi Arabia?

In value terms, Sudan remains the key foreign market for coconut oil exports from Saudi Arabia, comprising 87% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 7.4% share of total exports.

What is the average export price for coconut (copra) oil in Saudi Arabia?

The average coconut oil export price stood at $3,767 per ton in 2021, dropping by -17.8% against the previous year.

What is the average import price for coconut (copra) oil in Saudi Arabia?

In 2021, the average coconut oil import price amounted to $3,226 per ton, surging by 5.6% against the previous year.

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

Saudi Arabia

Data coverage:

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