Sweden: Crude Coconut Oil Market 2025

Crude Coconut Oil Market Size in Sweden

The Swedish crude coconut oil market amounted to $X in 2022, surging by 6.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from Sweden

In 2022, the amount of crude coconut (copra) oil exported from Sweden totaled X tons, picking up by 4.9% against 2021. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 when exports increased by 437% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude coconut oil exports fell to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 with an increase of 612% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for crude coconut oil exports from Sweden, accounting for a 46% share of total exports. Moreover, crude coconut oil exports to Norway exceeded the volume sent to the second major destination, Iceland (X tons), fourfold. The third position in this ranking was held by Latvia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+196.9% per year) and Latvia (+44.2% per year).

In value terms, Norway ($X) remains the key foreign market for crude coconut (copra) oil exports from Sweden, comprising 58% of total exports. The second position in the ranking was taken by Iceland ($X), with a 14% share of total exports. It was followed by Latvia, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+191.5% per year) and Latvia (+32.7% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, declining by -17.8% against the previous year. Over the period under review, the export price, however, showed a tangible increase. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Coconut Oil Imports

Imports into Sweden

In 2022, overseas purchases of crude coconut (copra) oil decreased by -2.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 274%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, crude coconut oil imports amounted to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 240% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) was the main crude coconut oil supplier to Sweden, with a 98% share of total imports. It was followed by Malaysia (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +27.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of crude coconut (copra) oil to Sweden, comprising 96% of total imports. The second position in the ranking was held by Malaysia ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +31.3%.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the import price enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 75% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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