Thailand - Crude Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Coconut Oil Price in Thailand - 2023
Contents:
- Crude Coconut Oil Price in Thailand (CIF) - 2023
- Crude Coconut Oil Price in Thailand (FOB) - 2023
- Crude Coconut Oil Imports in Thailand
- Crude Coconut Oil Exports in Thailand
Crude Coconut Oil Price in Thailand (CIF) - 2023
The average crude coconut oil import price stood at $1,051 per ton in May 2023, with an increase of 3.6% against the previous month. In general, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in October 2022 an increase of 303% against the previous month. As a result, import price reached the peak level of $13,095 per ton. From November 2022 to May 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From May 2022 to May 2023, the rate of growth in terms of prices for Indonesia amounted to -5.3% per month.
Crude Coconut Oil Price in Thailand (FOB) - 2023
In July 2023, the average crude coconut oil export price amounted to $4,635 per ton, declining by -36.1% against the previous month. Over the period under review, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 157% m-o-m. The export price peaked at $9,986 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($10,437 per ton), while the average price for exports to Russia ($3,002 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Coconut Oil Imports in Thailand
In 2022, imports of crude coconut (copra) oil into Thailand soared to 12K tons, picking up by 51% compared with the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 346%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, crude coconut oil imports surged to $21M in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 183% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Crude Coconut Oil in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.9 | 11.5 | 11.1 | 18.9 | 69.2% |
| Philippines | 0.2 | 0.2 | 1.0 | 1.5 | 95.7% |
| Others | N/A | N/A | 0.6 | 0.2 | -66.7% |
| Total | 4.1 | 11.7 | 12.6 | 20.6 | 71.3% |
Top Suppliers of Crude Coconut Oil to Thailand in 2022:
- Indonesia (11.0K tons)
- Philippines (0.9K tons)
Crude Coconut Oil Exports in Thailand
In 2022, overseas shipments of crude coconut (copra) oil were finally on the rise to reach 322 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt shrinkage.
In value terms, crude coconut oil exports soared to $1.7M in 2022. Over the period under review, exports, however, saw a deep reduction.
| Export of Crude Coconut Oil in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 66.0 | 6.7 | N/A | 433 | 87.2% |
| Japan | 963 | 684 | 416 | 306 | -31.8% |
| Kuwait | 258 | 816 | N/A | 226 | -4.3% |
| China | 133 | 185 | 163 | 127 | -1.5% |
| Hong Kong SAR | 202 | 215 | 208 | 123 | -15.2% |
| Saudi Arabia | 377 | 760 | N/A | 121 | -31.5% |
| Taiwan (Chinese) | 27.8 | 52.3 | N/A | 85.3 | 45.3% |
| South Korea | 264 | 387 | 103 | 76.3 | -33.9% |
| Malaysia | 114 | 155 | 58.7 | 68.8 | -15.5% |
| Pakistan | N/A | N/A | N/A | 29.6 | 0% |
| France | 215 | 73.9 | 150 | 7.8 | -66.9% |
| Ireland | 195 | 131 | 49.8 | N/A | -49.5% |
| Others | 194 | 130 | 235 | 67.6 | -29.6% |
| Total | 3,009 | 3,596 | 1,384 | 1,672 | -17.8% |
Top Export Markets for Crude Coconut Oil from Thailand in 2022:
- Russia (168.5 tons)
- Kuwait (26.7 tons)
- Japan (26.0 tons)
- Pakistan (20.0 tons)
- China (15.6 tons)
- Hong Kong SAR (13.5 tons)
- Saudi Arabia (13.3 tons)
- Taiwan (Chinese) (10.2 tons)
- Malaysia (7.0 tons)
- South Korea (6.5 tons)
- France (1.0 tons)
This report provides an in-depth analysis of the crude coconut oil market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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 Thailand.
690
This report provides an in-depth analysis of the coconut oil market in Thailand.
773
This report provides an in-depth analysis of the palm kernel oil market in Thailand.
492
This report provides an in-depth analysis of the refined coconut oil market in Thailand.
260
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Thailand.
10595
This report provides an in-depth analysis of the global crude coconut oil market.
4988
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.
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.
191
Crude Coconut Oil imports continue to reveal a significant decline, with November 2023 seeing a surge to $224K in value.
314
In April 2023, the palm kernel oil price amounted to $857 per ton (FOB, Thailand), leveling off at the previous month.
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
5729
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5642
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.
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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.
2265
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%
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.
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In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
