U.S. - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Coconut Oil Price in the United States - 2023
Contents:
- Crude Coconut Oil Price in the United States (CIF) - 2023
- Crude Coconut Oil Price in the United States (FOB) - 2023
- Crude Coconut Oil Imports in the United States
- Crude Coconut Oil Exports in the United States
Crude Coconut Oil Price in the United States (CIF) - 2023
The average crude coconut oil import price stood at $1,132 per ton in August 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in January 2023 an increase of 25% month-to-month. The import price peaked at $3,105 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Sri Lanka ($3,001 per ton), while the price for Indonesia ($960 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (-1.6%), while the prices for the other major suppliers experienced a decline.
Crude Coconut Oil Price in the United States (FOB) - 2023
The average crude coconut oil export price stood at $4,462 per ton in August 2023, jumping by 25% against the previous month. Overall, the export price recorded a measured increase. The pace of growth was the most pronounced in January 2023 an increase of 69% m-o-m. The export price peaked at $5,417 per ton in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In August 2023, the country with the highest price was Panama ($4,797 per ton), while the average price for exports to Canada ($4,251 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Crude Coconut Oil Imports in the United States
Crude coconut oil imports into the United States rose significantly to 202K tons in 2022, increasing by 15% on 2021. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, crude coconut oil imports skyrocketed to $367M in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Crude Coconut Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 131 | 134 | 197 | 228 | 20.3% |
| Indonesia | 36.7 | 33.3 | 51.3 | 64.4 | 20.6% |
| India | 0.1 | N/A | 14.3 | 29.3 | 564.2% |
| Malaysia | 0.2 | 4.4 | 6.9 | 21.5 | 375.5% |
| Sri Lanka | 6.6 | 9.5 | 11.3 | 14.1 | 28.8% |
| Others | 9.8 | 3.6 | 5.0 | 9.6 | -0.7% |
| Total | 184 | 185 | 286 | 367 | 25.9% |
Top Suppliers of Crude Coconut Oil to the United States in 2022:
- Philippines (130.8K tons)
- Indonesia (37.6K tons)
- India (15.2K tons)
- Malaysia (11.2K tons)
- Sri Lanka (3.8K tons)
Crude Coconut Oil Exports in the United States
Crude coconut oil exports from the United States contracted modestly to 4.5K tons in 2022, falling by -4.9% compared with the previous year. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 70%. As a result, the exports attained the peak of 4.7K tons, and then reduced modestly in the following year.
In value terms, crude coconut oil exports stood at $12M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Crude Coconut Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.9 | 3.9 | 6.5 | 6.8 | 11.5% |
| Canada | 4.9 | 5.3 | 4.0 | 3.9 | -7.3% |
| Others | 1.4 | 1.0 | 1.3 | 1.7 | 6.7% |
| Total | 11.2 | 10.2 | 11.8 | 12.3 | 3.2% |
Top Export Markets for Crude Coconut Oil from the United States in 2022:
- Mexico (3.3K tons)
- Canada (0.9K tons)
This report provides an in-depth analysis of the crude coconut oil market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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