Tunisia: Refined Coconut Oil Market 2025

Refined Coconut Oil Market Size in Tunisia

The Tunisian refined coconut oil market expanded rapidly to $X in 2022, growing by 12% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Refined Coconut Oil Production in Tunisia

In value terms, refined coconut oil production rose slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28% against the previous year. Refined coconut oil production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Refined Coconut Oil Exports

Exports from Tunisia

In 2022, after seven years of growth, there was significant decline in shipments abroad of refined coconut (copra) oil, when their volume decreased by -48.8% to X tons. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 4,110% against the previous year. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, refined coconut oil exports declined sharply to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 3,680% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for refined coconut oil exports from Tunisia, accounting for a 88% share of total exports. Moreover, refined coconut oil exports to the United States exceeded the volume sent to the second major destination, Libya (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +458.2%.

In value terms, the United States ($X) emerged as the key foreign market for refined coconut (copra) oil exports from Tunisia, comprising 97% of total exports. The second position in the ranking was held by Libya ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +374.8%.

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Libya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (-4.8%).

Refined Coconut Oil Imports

Imports into Tunisia

In 2022, approx. X tons of refined coconut (copra) oil were imported into Tunisia; rising by 23% on 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 98% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, refined coconut oil imports declined to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 53%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest refined coconut oil supplier to Tunisia, accounting for a 20% share of total imports. Moreover, refined coconut oil imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia totaled -10.3%.

In value terms, Indonesia ($X) constituted the largest supplier of refined coconut (copra) oil to Tunisia, comprising 21% of total imports. The second position in the ranking was held by Malaysia ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at -11.4%.

Import Prices by Country

The average refined coconut oil import price stood at $X per ton in 2022, which is down by -23.6% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 66% 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 Indonesia ($X per ton), while the price for Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.3%).

Source: IndexBox Platform