Vietnam - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Vietnam - 2022
Contents:
- Coconut Oil Price in Vietnam (FOB) - 2022
- Coconut Oil Price in Vietnam (CIF) - 2022
- Coconut Oil Exports in Vietnam
- Coconut Oil Imports in Vietnam
Coconut Oil Price in Vietnam (FOB) - 2022
The average coconut oil export price stood at $2,388 per ton in December 2022, which is down by -2.4% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 27% month-to-month. As a result, the export price attained the peak level of $3,067 per ton. From June 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($3,821 per ton), while the average price for exports to Canada ($2,327 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Price in Vietnam (CIF) - 2022
The average coconut oil import price stood at $1,812 per ton in 2022, declining by -18% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut oil import price increased by +35.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. As a result, import price reached the peak level of $2,211 per ton, and then dropped sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1,976 per ton), while the price for the United States ($1,251 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Coconut Oil Exports in Vietnam
In 2022, shipments abroad of coconut (copra) oil decreased by -0.8% to 11K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of 11K tons, leveling off in the following year.
In value terms, coconut oil exports contracted to $32M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
| Export of Coconut Oil in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 10.0 | 12.2 | 11.6 | 20.7% |
| China | 5.8 | 5.5 | 8.9 | 9.5 | 17.9% |
| Canada | 3.8 | 5.9 | 5.6 | 5.3 | 11.7% |
| South Korea | 0.5 | 1.1 | 0.6 | 1.3 | 37.5% |
| Malaysia | 0.1 | 0.7 | 1.3 | 1.2 | 128.9% |
| United Kingdom | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Others | 5.9 | 6.9 | 4.7 | 2.7 | -22.9% |
| Total | 22.9 | 30.3 | 33.6 | 31.9 | 11.7% |
Top Export Markets for Coconut Oil from Vietnam in 2022:
- China (4.4K tons)
- United States (2.8K tons)
- Canada (1.3K tons)
- Malaysia (0.5K tons)
- South Korea (0.4K tons)
- United Kingdom (0.2K tons)
Coconut Oil Imports in Vietnam
In 2022, imports of coconut (copra) oil into Vietnam rose sharply to 4.6K tons, with an increase of 7.1% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern.
In value terms, coconut oil imports fell to $8.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +34.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $9.5M, and then declined in the following year.
| Import of Coconut Oil in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | 1.9 | 3.2 | 2.5 | 24.4% |
| Indonesia | 1.6 | 1.6 | 3.0 | 2.3 | 12.9% |
| Malaysia | 0.9 | 1.0 | 2.4 | 1.9 | 28.3% |
| United States | 1.4 | 1.8 | N/A | 0.8 | -17.0% |
| Philippines | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
| South Korea | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.2 | 7.2 | 9.5 | 8.3 | 10.2% |
Top Suppliers of Coconut Oil to Vietnam in 2022:
- India (1294.9 tons)
- Indonesia (1189.7 tons)
- Malaysia (945.2 tons)
- United States (654.9 tons)
- Philippines (242.4 tons)
- South Korea (123.7 tons)
- China (81.1 tons)
This report provides an in-depth analysis of the coconut oil market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
618
This report provides an in-depth analysis of the coconut oil market in Vietnam.
590
This report provides an in-depth analysis of the palm kernel oil market in Vietnam.
1015
This report provides an in-depth analysis of the crude coconut oil market in Vietnam.
443
This report provides an in-depth analysis of the refined coconut oil market in Vietnam.
238
This report provides an in-depth analysis of the market for formic acid, its salts and esters in Vietnam.
4996
This report provides an in-depth analysis of the global coconut oil market.
2191
This report provides an in-depth analysis of the global palm kernel oil market.
10610
This report provides an in-depth analysis of the global crude coconut oil market.
936
This report provides an in-depth analysis of the global refined coconut oil market.
897
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
1099
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.
893
In 2018, the Philippines (916K tons) was the main exporter of coconut (copra) oil, comprising 49% of the global exports...
1292
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.
3022
Global palm kernel oil consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
2943
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.
1390
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
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
5736
Global coconut oil consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
5646
Global coconut oil exports amounted to X thousand tons in 2015, flattening at the previous year level.
5611
Global coconut oil imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
