Report Update Nov 1, 2024

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

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Uruguay: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Uruguay

In 2022, the Uruguayan refined coconut oil market decreased by -6.2% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Refined Coconut Oil Production in Uruguay

In value terms, refined coconut oil production rose to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 21%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Refined Coconut Oil Exports

Exports from Uruguay

In 2022, overseas shipments of refined coconut (copra) oil increased by 15,453% to X tons, rising for the second consecutive year after three years of decline. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, refined coconut oil exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for refined coconut oil exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +60.9%.

In value terms, Brazil ($X) also remains the key foreign market for refined coconut (copra) oil exports from Uruguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +64.0%.

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, waning by -34.6% against the previous year. Over the period under review, the export price, however, saw mild growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +1.9% per year.

Refined Coconut Oil Imports

Imports into Uruguay

In 2022, after five years of growth, there was significant decline in supplies from abroad of refined coconut (copra) oil, when their volume decreased by -30.7% to X tons. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 219%. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, refined coconut oil imports surged to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 273%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Sri Lanka (X tons) were the main suppliers of refined coconut oil imports to Uruguay, with a combined 77% share of total imports. The Philippines, Belgium and Brazil lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +64.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Malaysia ($X) and the Philippines ($X) constituted the largest refined coconut oil suppliers to Uruguay, together accounting for 75% of total imports. China, Belgium and Brazil lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Brazil, with a CAGR of +71.9%, saw 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

The average refined coconut oil import price stood at $X per ton in 2022, rising by 90% against the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2016 an increase of 120%. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Brazil ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.9%), 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 country with the largest volume of refined coconut oil consumption was the United States, 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 constituted the country with the largest volume of refined coconut oil production, accounting for 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 Uruguay?

In value terms, Malaysia constituted the largest supplier of refined coconut oil to Uruguay, comprising 51% of total imports. The second position in the ranking was occupied by the Philippines, with a 26% share of total imports. It was followed by Germany, with a 15% share.

What are the leading importers of refined coconut (copra) oil from Uruguay?

In value terms, Brazil remains the key foreign market for refined coconut oil exports from Uruguay.

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

The average refined coconut oil export price stood at $2,243 per ton in 2021, which is down by -17.5% against the previous year.

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

In 2021, the average refined coconut oil import price amounted to $2,458 per ton, almost unchanged from the previous year.

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

Uruguay

Data coverage:

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