Global Refined Coconut Oil Market 2025

Refined Coconut Oil Market Size

The global refined coconut oil market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 8.9% against the previous year. Over the period under review, the global market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Refined Coconut Oil Production

In value terms, refined coconut oil production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 9.7%. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Refined Coconut Oil Exports

Exports

In 2022, shipments abroad of refined coconut (copra) oil increased by 13% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 18%. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, refined coconut oil exports surged to $X in 2022. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Indonesia (X tons), distantly followed by the Philippines (X tons), the Netherlands (X tons) and Malaysia (X tons) were the largest exporters of refined coconut (copra) oil, together making up 88% of total exports. The following exporters - the United States (X tons) and India (X tons) - each accounted for a 3.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest refined coconut oil supplying countries worldwide were Indonesia ($X), the Philippines ($X) and the Netherlands ($X), together accounting for 77% of global exports.

Indonesia, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined coconut oil export price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +82.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Malaysia ($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 (+7.4%), while the other global leaders experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports

Global refined coconut oil imports stood at X tons in 2022, picking up by 9.3% against the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 9.5% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, refined coconut oil imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +91.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by China (X tons) and Germany (X tons) were the key importers of refined coconut (copra) oil, together comprising 52% of total imports. The following importers - South Korea (X tons), Belgium (X tons), Japan (X tons), Russia (X tons), Poland (X tons), Italy (X tons), Turkey (X tons), Singapore (X tons), France (X tons) and Canada (X tons) - together made up 27% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +11.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest refined coconut oil importing markets worldwide were the United States ($X), China ($X) and Germany ($X), with a combined 52% share of global imports.

China, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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 13% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +69.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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