Slovakia: Refined Coconut Oil Market 2025

Refined Coconut Oil Market Size in Slovakia

The Slovak refined coconut oil market fell to $X in 2022, declining by -8.7% against the previous year. Overall, consumption saw a noticeable descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Refined Coconut Oil Production in Slovakia

In value terms, refined coconut oil production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Refined coconut oil production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Refined Coconut Oil Exports

Exports from Slovakia

In 2022, shipments abroad of refined coconut (copra) oil increased by 173% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,443%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, refined coconut oil exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,879% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Romania (X tons) were the main destinations of refined coconut oil exports from Slovakia, with a combined 96% share of total exports.

From 2013 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +81.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined coconut oil exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Romania ($X), with a combined 86% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +92.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, dropping by -5.9% against the previous year. Over the period under review, export price indicated a temperate expansion from 2013 to 2022: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil export price decreased by -9.7% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Coconut Oil Imports

Imports into Slovakia

Refined coconut oil imports into Slovakia contracted markedly to X tons in 2022, waning by -15.2% on the year before. In general, imports, however, posted a notable expansion. The growth pace was the most rapid in 2016 when imports increased by 42%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, refined coconut oil imports declined markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 60%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and the Czech Republic (X tons) were the main suppliers of refined coconut oil imports to Slovakia, with a combined 83% share of total imports. Poland, the Philippines and Belgium lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +82.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the Czech Republic ($X) appeared to be the largest refined coconut oil suppliers to Slovakia, with a combined 78% share of total imports. Poland, the Philippines and Belgium lagged somewhat behind, together accounting for a further 15%.

Poland, with a CAGR of +75.1%, 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 more modest paces of growth.

Import Prices by Country

The average refined coconut oil import price stood at $X per ton in 2022, shrinking by -2.8% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price increased by +53.5% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 28% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 the Czech Republic ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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