Israel: Crude Coconut Oil Market 2024

Crude Coconut Oil Market Size in Israel

The Israeli crude coconut oil market contracted notably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Crude Coconut Oil Exports

Exports from Israel

In 2022, overseas shipments of crude coconut (copra) oil decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, crude coconut oil exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Palestine (X tons) was the main destination for crude coconut oil exports from Israel, with a X% share of total exports. Moreover, crude coconut oil exports to Palestine exceeded the volume sent to the second major destination, the UK (X tons), threefold. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Palestine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Palestine ($X) remains the key foreign market for crude coconut (copra) oil exports from Israel, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Palestine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average crude coconut oil export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the UK ($X per ton), while the average price for exports to Palestine ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (X%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Coconut Oil Imports

Imports into Israel

In 2022, the amount of crude coconut (copra) oil imported into Israel contracted dramatically to X tons, which is down by X% compared with 2021 figures. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crude coconut oil imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), Singapore (X tons) and Sri Lanka (X tons) were the main suppliers of crude coconut oil imports to Israel, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest crude coconut oil suppliers to Israel were Indonesia ($X), Singapore ($X) and Sri Lanka ($X), with a combined X% share of total imports.

Among the main suppliers, Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average crude coconut oil import price amounted to $X per ton, growing by X% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($X per ton) and Indonesia ($X per ton), while the price for Singapore ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :