Report Update Nov 1, 2024

Sudan - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Sudan

The Sudanese refined coconut oil market expanded sharply to $X in 2022, picking up by 5.3% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Refined coconut oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Refined Coconut Oil Production in Sudan

In value terms, refined coconut oil production expanded markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Refined Coconut Oil Exports

Exports from Sudan

In 2021, the amount of refined coconut (copra) oil exported from Sudan totaled X tons, flattening at the year before. In general, exports recorded a dramatic decline. The smallest decline of 99.9% was in 2018. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, refined coconut oil exports stood at $X in 2021. Overall, exports recorded a dramatic contraction. The smallest decline of 99.9% was in 2018. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for refined coconut oil exports from Sudan, accounting for a 96% share of total exports. Moreover, refined coconut oil exports to Australia exceeded the volume sent to the second major destination, Uzbekistan (X kg), more than tenfold.

From 2017 to 2021, the average annual growth rate of volume to Australia was relatively modest.

From 2017 to 2021, the average annual rate of growth in terms of value to Australia was relatively modest.

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2018 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Australia totaled $X per ton.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Sudan

In 2022, the amount of refined coconut (copra) oil imported into Sudan soared to X tons, with an increase of 23% against the previous year's figure. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 540%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, refined coconut oil imports stood at $X in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 332% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of refined coconut oil imports to Sudan, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +69.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Saudi Arabia ($X) were the largest refined coconut oil suppliers to Sudan, together comprising 83% of total imports. India and China lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, India, with a CAGR of +62.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average refined coconut oil import price amounted to $X per ton, which is down by -11.7% against the previous year. Over the period under review, the import price, however, enjoyed a tangible increase. The growth pace was the most rapid in 2013 an increase of 127%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Saudi Arabia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.8%), 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 refined coconut (copra) oil in the world?

The United States constituted the country with the largest volume of refined coconut oil consumption, comprising approx. 56% of total volume. Moreover, refined coconut oil consumption in the United States exceeded the figures recorded by the second-largest consumer, China, ninefold. The third position in this ranking was occupied by India, with a 2.4% share.

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

The United States remains the largest refined coconut oil producing country worldwide, comprising approx. 55% of total volume. Moreover, refined coconut oil production in the United States exceeded the figures recorded by the second-largest producer, China, tenfold. India ranked third in terms of total production with a 2.4% share.

What are the leading suppliers of refined coconut (copra) oil to Sudan?

In value terms, Malaysia, Saudi Arabia and the United Arab Emirates were the largest refined coconut oil suppliers to Sudan, with a combined 98% share of total imports.

What is the average export price for refined coconut (copra) oil in Sudan?

In 2021, the average refined coconut oil export price amounted to $1,085 per ton, standing approx. at the previous year.

What is the average import price for refined coconut (copra) oil in Sudan?

In 2021, the average refined coconut oil import price amounted to $1,920 per ton, falling by -10.2% against the previous year.

This report provides an in-depth analysis of the refined coconut oil market in Sudan. 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:

Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)

Country coverage:

Sudan

Data coverage:

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