Slovenia: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Slovenia

In 2022, after two years of growth, there was significant decline in the Slovene refined coconut oil market, when its value decreased by -11.9% to $X. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Refined Coconut Oil Production in Slovenia

In value terms, refined coconut oil production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production saw a sharp curtailment. The pace of growth was the most pronounced in 2016 with an increase of 9.3%. Refined coconut oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Coconut Oil Exports

Exports from Slovenia

After two years of growth, overseas shipments of refined coconut (copra) oil decreased by -82.1% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 889%. The exports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, refined coconut oil exports contracted significantly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 753% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for refined coconut oil exports from Slovenia, with a 40% share of total exports. Moreover, refined coconut oil exports to Italy exceeded the volume sent to the second major destination, Germany (X kg), twofold. The third position in this ranking was taken by Romania (X kg), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+72.0% per year) and Romania (+109.0% per year).

In value terms, Italy ($X) remains the key foreign market for refined coconut (copra) oil exports from Slovenia, comprising 51% of total exports. The second position in the ranking was held by Romania ($X), with a 14% share of total exports. It was followed by Hungary, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+120.1% per year) and Hungary (+86.1% per year).

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2022, increasing by 48% against the previous year. In general, the export price posted a notable expansion. The most prominent rate of growth was recorded in 2013 an increase of 131% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Germany ($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 Romania (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Coconut Oil Imports

Imports into Slovenia

After five years of growth, overseas purchases of refined coconut (copra) oil decreased by -20.2% to X tons in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 when imports increased by 43% against the previous year. Imports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, refined coconut oil imports reduced to $X in 2022. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 45%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Indonesia (X tons) were the main suppliers of refined coconut oil imports to Slovenia, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +253.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Germany ($X) were the largest refined coconut oil suppliers to Slovenia, together accounting for 93% of total imports.

The Netherlands, with a CAGR of +198.3%, recorded the highest growth rate of the value of imports, among 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, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2018 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform