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Malaysia - Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Oil Price in Malaysia - 2021
Contents:
- Coconut Oil Price in Malaysia (CIF) - 2021
- Coconut Oil Price in Malaysia (FOB) - 2021
- Coconut Oil Imports in Malaysia
- Coconut Oil Exports in Malaysia
Coconut Oil Price in Malaysia (CIF) - 2021
The average coconut oil import price stood at $1,655 per ton in December 2021, surging by 5.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.7%. The pace of growth was the most pronounced in April 2021 an increase of 12% against the previous month. The import price peaked in December 2021.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were Indonesia ($1,727 per ton) and Papua New Guinea ($1,693 per ton), while the price for the Philippines ($1,544 per ton) and Singapore ($1,553 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Coconut Oil Price in Malaysia (FOB) - 2021
The average coconut oil export price stood at $1,854 per ton in December 2021, growing by 15% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.6%. The export price peaked at $1,930 per ton in October 2021; afterwards, it flattened through to December 2021.
Prices varied noticeably by the country of destination: the country with the highest price was Iraq ($2,349 per ton), while the average price for exports to Iran ($863 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Oil Imports in Malaysia
Coconut oil imports into Malaysia declined significantly to 184K tons in 2022, reducing by -18.4% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.8% 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 +28.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports reached the peak of 225K tons, and then fell rapidly in the following year.
In value terms, coconut oil imports contracted sharply to $260M in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of $334M, and then dropped dramatically in the following year.
Import of Coconut Oil in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 50.0 | 70.0 | 121 | 130 | 37.5% |
Indonesia | 87.7 | 84.6 | 143 | 85.4 | -0.9% |
Papua New Guinea | 13.5 | 20.5 | 53.9 | 31.1 | 32.1% |
Others | 11.7 | 10.4 | 15.9 | 12.9 | 3.3% |
Total | 163 | 186 | 334 | 260 | 16.8% |
Top Suppliers of Coconut Oil to Malaysia in 2022:
- Philippines (87.5K tons)
- Indonesia (67.8K tons)
- Papua New Guinea (20.1K tons)
Coconut Oil Exports in Malaysia
In 2022, the amount of coconut (copra) oil exported from Malaysia totaled 195K tons, surging by 4% on the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 9.2% against the previous year. As a result, the exports reached the peak of 203K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, coconut oil exports contracted to $251M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports reached the peak of $293M, and then contracted in the following year.
Export of Coconut Oil in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 36.3 | 31.9 | 43.2 | 44.1 | 6.7% |
China | 22.4 | 19.6 | 44.8 | 36.7 | 17.9% |
Sri Lanka | 0.3 | 26.9 | 37.0 | 30.1 | 364.7% |
Turkey | 17.9 | 16.0 | 22.8 | 18.6 | 1.3% |
Russia | 11.7 | 9.9 | 15.3 | 12.5 | 2.2% |
Australia | 11.9 | 7.7 | 14.2 | 11.7 | -0.6% |
Singapore | 11.1 | 8.2 | 11.0 | 8.1 | -10.0% |
Netherlands | 13.8 | 12.6 | 2.7 | 6.6 | -21.8% |
Taiwan (Chinese) | 5.4 | 5.2 | 7.3 | 6.0 | 3.6% |
United Arab Emirates | 6.0 | 3.8 | 7.3 | 5.9 | -0.6% |
New Zealand | 8.1 | 6.9 | 6.7 | 5.5 | -12.1% |
Uzbekistan | 4.1 | 1.8 | 5.9 | 4.8 | 5.4% |
Germany | 1.1 | 1.3 | 0.8 | 4.6 | 61.1% |
Others | 52.9 | 57.7 | 74.2 | 56.1 | 2.0% |
Total | 203 | 210 | 293 | 251 | 7.3% |
Top Export Markets for Coconut Oil from Malaysia in 2022:
- United States (36.8K tons)
- China (27.9K tons)
- Sri Lanka (22.5K tons)
- Turkey (14.6K tons)
- Russia (8.3K tons)
- Australia (8.2K tons)
- Singapore (5.9K tons)
- Netherlands (5.6K tons)
- New Zealand (5.1K tons)
- Taiwan (Chinese) (4.1K tons)
- United Arab Emirates (3.9K tons)
- Germany (3.8K tons)
- Uzbekistan (3.3K tons)
This report provides an in-depth analysis of the coconut oil market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
This report provides an in-depth analysis of the coconut oil market in Malaysia.
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