China - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Coconut Oil Price in China - 2023
Contents:
- Crude Coconut Oil Price in China (CIF) - 2022
- Crude Coconut Oil Price in China (FOB) - 2022
- Crude Coconut Oil Imports in China
- Crude Coconut Oil Exports in China
Crude Coconut Oil Price in China (CIF) - 2022
In 2022, the average crude coconut oil import price amounted to $2,276 per ton, almost unchanged from the previous year. In general, the import price recorded strong growth. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. The import price peaked at $2,580 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Sri Lanka ($4,797 per ton), while the price for Vietnam ($1,556 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 (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Coconut Oil Price in China (FOB) - 2022
In 2022, the average crude coconut oil export price amounted to $2,341 per ton, declining by -13.9% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. The export price peaked at $6,073 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($80,246 per ton), while the average price for exports to Tanzania ($28 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 Singapore (+123.4%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Coconut Oil Imports in China
Crude coconut oil imports into China reached 3.8K tons in 2022, picking up by 3.8% on 2021. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year.
In value terms, crude coconut oil imports rose sharply to $8.6M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 8.1%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Crude Coconut Oil in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.0 | 2.0 | 3.7 | 4.5 | 65.1% |
| Philippines | 3.7 | 3.0 | 2.7 | 2.9 | -7.8% |
| Sri Lanka | 0.7 | 0.9 | 0.9 | 0.6 | -5.0% |
| Indonesia | 0.1 | 0.4 | N/A | N/A | 300.0% |
| Australia | 1.7 | 1.6 | 0.4 | N/A | -51.5% |
| Others | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| Total | 7.9 | 8.6 | 8.2 | 8.6 | 2.9% |
Top Suppliers of Crude Coconut Oil to China in 2022:
- Vietnam (2899.2 tons)
- Philippines (689.1 tons)
- Sri Lanka (116.8 tons)
- Australia (3.7 tons)
Crude Coconut Oil Exports in China
In 2022, shipments abroad of crude coconut (copra) oil decreased by -7.5% to 92 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 678%.
In value terms, crude coconut oil exports fell rapidly to $215K in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 192% against the previous year.
| Export of Crude Coconut Oil in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.0 | 14.1 | N/A | 65.2 | 219.5% |
| Germany | 10.0 | 0.2 | 2.6 | 26.0 | 37.5% |
| Bahrain | N/A | N/A | N/A | 23.0 | 0% |
| Philippines | N/A | N/A | N/A | 7.1 | 0% |
| Singapore | N/A | N/A | N/A | 5.6 | 0% |
| South Africa | N/A | N/A | N/A | 0.6 | 0% |
| Tanzania | N/A | N/A | N/A | 0.1 | 0% |
| Nigeria | N/A | 80.3 | 225 | N/A | 180.2% |
| Madagascar | N/A | 33.5 | N/A | N/A | 0% |
| Others | 42.6 | 31.6 | 41.8 | 87.3 | 27.0% |
| Total | 54.6 | 160 | 270 | 215 | 57.9% |
Top Export Markets for Crude Coconut Oil from China in 2022:
- Bahrain (17.1 tons)
- Germany (6.3 tons)
- Tanzania (2.2 tons)
- Singapore (1.1 tons)
- Philippines (0.8 tons)
- United Kingdom (0.8 tons)
- South Africa (0.7 tons)
This report provides an in-depth analysis of the crude coconut oil market in China. 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:
- FCL 252 - Oil of Coconuts
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
- Find deeper insights into current market developments
- 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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude coconut oil market in China.
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In February 2023, the coconut oil import price in China amounted to $1,201 per ton (CIF, China), reducing by -3.9% against the previous month. The amount of coconut (copra) oil imported into China declined significantly to 12K tons, reducing by -38.2% on the previous month. Refined coconut (copra) oil (12K tons) was the main type of coconut oil supplied to China, accounting for a approximately 100% share of total imports. Indonesia (9.5K tons) was the largest coconut oil supplier to China, accounting for a 81% share of total imports. In value terms, Indonesia ($11M) constituted the largest supplier of coconut oil to China, comprising 80% of total imports.
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The growth pace for Palm Kernel Oil was the most rapid in August 2023, with imports increasing by 174% compared to the previous month. In value terms, Palm Kernel Oil imports contracted significantly to $65M in December 2023.
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In April 2023, the refined coconut oil price amounted to $1,173 per ton (CIF, China), stabilizing at the previous month.
2019
From 2007 to 2016, the value of the global coconut oil market showed an unstable dynamic trend. However, in 2016, the value of the global coconut oil market expanded to X billion USD. The main reason for this can be explained by the rise in the price
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Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
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Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
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Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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In 2015, the countries with the highest levels of coconut oil production were the Philippines (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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The Philippines dominates in the global coconut oil trade. In 2014, the Philippines exported X thousand tons of coconut oil totaling X USD, X% under the previous year. Its primary trading partner was the Republic of Korea, where it supplied X%
