Colombia - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCoconut Oil Price in Colombia - 2022
Contents:
- Coconut Oil Price in Colombia (CIF) - 2022
- Coconut Oil Price in Colombia (FOB) - 2022
- Coconut Oil Imports in Colombia
- Coconut Oil Exports in Colombia
Coconut Oil Price in Colombia (CIF) - 2022
In February 2022, the average coconut oil import price amounted to $5,104 per ton, with a decrease of -21.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 an increase of 58% month-to-month. As a result, import price attained the peak level of $6,875 per ton. From May 2021 to February 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the Philippines ($8,315 per ton), while the price for Vietnam ($2,621 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Coconut Oil Price in Colombia (FOB) - 2022
In 2022, the average coconut oil export price amounted to $3,447 per ton, reducing by -7.8% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 284%. Over the period under review, the average export prices reached the peak figure at $6,813 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($6,273 per ton), while the average price for exports to Poland totaled $1,866 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Imports in Colombia
In 2022, the amount of coconut (copra) oil imported into Colombia shrank rapidly to 285 tons, waning by -22.3% compared with the year before. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 80%. As a result, imports attained the peak of 366 tons, and then dropped markedly in the following year.
In value terms, coconut oil imports contracted notably to $1.2M in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports reached the peak of $1.5M, and then reduced notably in the following year.
| Import of Coconut Oil in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 814 | 349 | 723 | 762 | -2.2% |
| Philippines | 45.5 | 41.3 | 26.9 | 93.3 | 27.0% |
| Sweden | 17.0 | 26.2 | 42.9 | 55.7 | 48.5% |
| Brazil | 7.3 | 189 | 403 | 24.2 | 49.1% |
| Spain | 13.9 | 9.5 | 6.5 | 17.5 | 8.0% |
| Vietnam | 71.7 | 30.0 | 77.7 | N/A | 4.1% |
| Malaysia | 19.2 | N/A | N/A | N/A | 0% |
| Mexico | N/A | 223 | N/A | N/A | 0% |
| Others | 140 | 48.5 | 234 | 262 | 23.2% |
| Total | 1,128 | 916 | 1,514 | 1,215 | 2.5% |
Top Suppliers of Coconut Oil to Colombia in 2022:
- United States (113.7 tons)
- Philippines (37.8 tons)
- Sweden (12.9 tons)
- Brazil (4.9 tons)
- Spain (4.1 tons)
Coconut Oil Exports in Colombia
In 2022, shipments abroad of coconut (copra) oil decreased by -88.3% to 2.7 tons, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 0.7% against the previous year. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, coconut oil exports reduced notably to $9.4K in 2022. Over the period under review, exports saw a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $100K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Coconut Oil in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 0.6 | N/A | 3.3 | 134.5% |
| Netherlands | N/A | N/A | 0.5 | 3.1 | 520.0% |
| Austria | N/A | N/A | 11.4 | N/A | 0% |
| Mexico | 25.2 | 1.8 | 34.1 | N/A | 16.3% |
| Australia | 8.3 | N/A | N/A | N/A | 0% |
| Canada | 53.9 | 96.5 | 37.8 | N/A | -16.3% |
| Others | 2.7 | 1.5 | 3.1 | 3.1 | 4.7% |
| Total | 90.0 | 100 | 86.8 | 9.4 | -52.9% |
Top Export Markets for Coconut Oil from Colombia in 2022:
- Poland (1744.0 kg)
- Netherlands (488.0 kg)
This report provides an in-depth analysis of the coconut oil market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
662
This report provides an in-depth analysis of the coconut oil market in Colombia.
627
This report provides an in-depth analysis of the palm kernel oil market in Colombia.
783
This report provides an in-depth analysis of the crude coconut oil market in Colombia.
389
This report provides an in-depth analysis of the refined coconut oil market in Colombia.
337
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Colombia.
4987
This report provides an in-depth analysis of the global coconut oil market.
2183
This report provides an in-depth analysis of the global palm kernel oil market.
10595
This report provides an in-depth analysis of the global crude coconut oil market.
931
This report provides an in-depth analysis of the global refined coconut oil market.
890
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
1094
Coconut oil prices will grow moderately this year, following the fundamental trend relevant to all vegetable oils. The average annual coconut oil price is set to grow by 2.3% y-o-y to $1,674 per ton in 2022 due to limited supply and rising logistic costs.
892
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
1290
Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year's January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product.
3014
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2940
In 2015, the countries with the highest levels of palm kernel and babassu oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
1389
Indonesia continued its dominance in the global trade of palm kernel and babassu oil. In 2014, Indonesia exported X thousand tons of palm kernel and babassu oil totaling X million USD, X% over the previous year. Its primary trading partner w
2018
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
5728
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5641
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5604
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
