Switzerland: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Switzerland

The Swiss refined coconut oil market amounted to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 6.3%. Refined coconut oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refined Coconut Oil Production in Switzerland

In value terms, refined coconut oil production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Coconut Oil Exports

Exports from Switzerland

In 2022, overseas shipments of refined coconut (copra) oil decreased by -74.4% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 646%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, refined coconut oil exports dropped markedly to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 665%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for refined coconut oil exports from Switzerland, with a 69% share of total exports. Moreover, refined coconut oil exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.6% per year) and the UK (+32.6% per year).

In value terms, Germany ($X) remains the key foreign market for refined coconut (copra) oil exports from Switzerland, comprising 80% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.0% per year) and the UK (+35.4% per year).

Export Prices by Country

The average refined coconut oil export price stood at $X per ton in 2022, growing by 48% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 export price increased by +140.8% against 2014 indices. The pace of growth appeared the most rapid in 2015 an increase of 69% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the average price for exports to the UK ($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 Germany (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports into Switzerland

In 2022, supplies from abroad of refined coconut (copra) oil increased by 5.4% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 155%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, refined coconut oil imports soared to $X in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), the Philippines (X tons) and Italy (X tons) were the main suppliers of refined coconut oil imports to Switzerland, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +114.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined coconut oil suppliers to Switzerland were Spain ($X), the Philippines ($X) and Germany ($X), with a combined 72% share of total imports.

Among the main suppliers, Spain, with a CAGR of +122.2%, recorded the highest rates of growth with regard to 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

The average refined coconut oil import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 +5.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 55%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :