Serbia - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Coconut Oil Price in Serbia - 2023
Contents:
- Refined Coconut Oil Price in Serbia (CIF) - 2023
- Refined Coconut Oil Price in Serbia (FOB) - 2022
- Refined Coconut Oil Imports in Serbia
- Refined Coconut Oil Exports in Serbia
Refined Coconut Oil Price in Serbia (CIF) - 2023
In October 2023, the average refined coconut oil import price amounted to $1,930 per ton, rising by 4.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in November 2022 an increase of 40% against the previous month. As a result, import price attained the peak level of $2,357 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Sweden ($2,025 per ton) and Germany ($1,964 per ton), while the price for the Philippines ($1,757 per ton) and the Netherlands ($1,829 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced a decline.
Refined Coconut Oil Price in Serbia (FOB) - 2022
In 2022, the average refined coconut oil export price amounted to $6,957 per ton, which is down by -16.6% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 81%. Over the period under review, the average export prices attained the maximum at $11,983 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malta ($14,301 per ton), while the average price for exports to Bosnia and Herzegovina ($4,231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+33.6%), while the prices for the other major destinations experienced a decline.
Refined Coconut Oil Imports in Serbia
In 2022, refined coconut oil imports into Serbia expanded to 2.3K tons, picking up by 2.7% compared with the previous year. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.2% 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 +73.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, refined coconut oil imports amounted to $4.3M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 100% 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 Refined Coconut Oil in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 927 | 1,669 | 2,932 | 3,269 | 52.2% |
Italy | 650 | 166 | 461 | 416 | -13.8% |
Germany | 34.2 | 64.0 | 249 | 176 | 72.6% |
Indonesia | 0.7 | 25.5 | 201 | 159 | 510.1% |
Austria | N/A | 29.6 | 81.4 | 148 | 123.6% |
Others | 162 | 130 | 242 | 93.9 | -16.6% |
Total | 1,774 | 2,085 | 4,166 | 4,262 | 33.9% |
Top Suppliers of Refined Coconut Oil to Serbia in 2022:
- Netherlands (1880.2 tons)
- Italy (173.6 tons)
- Austria (65.7 tons)
- Germany (62.7 tons)
- Indonesia (60.5 tons)
Refined Coconut Oil Exports in Serbia
In 2022, the amount of refined coconut (copra) oil exported from Serbia soared to 4.3 tons, increasing by 48% against the previous year's figure. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 76%. As a result, the exports reached the peak of 4.7 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, refined coconut oil exports surged to $30K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. As a result, the exports reached the peak of $33K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Refined Coconut Oil in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 15.9 | 21.3 | 21.6 | 21.7 | 10.9% |
Malta | N/A | N/A | N/A | 5.8 | 0% |
Bosnia and Herzegovina | 3.5 | 11.2 | 2.0 | 2.2 | -14.3% |
North Macedonia | 0.5 | 0.5 | 0.3 | N/A | -22.5% |
Others | N/A | N/A | 0.2 | N/A | 0% |
Total | 19.9 | 33.0 | 24.1 | 29.7 | 14.3% |
Top Export Markets for Refined Coconut Oil from Serbia in 2022:
- Montenegro (3.3 tons)
- Bosnia and Herzegovina (0.5 tons)
- Malta (0.4 tons)
This report provides an in-depth analysis of the refined coconut oil market in Serbia. 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:
- Prodcom 10415800 - Refined coconut (copra) oil and its fractions (excluding chemically modified)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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
This report provides an in-depth analysis of the refined coconut oil market in Serbia.
This report provides an in-depth analysis of the coconut oil market in Serbia.
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This report provides an in-depth analysis of the global refined coconut oil market.
This report provides an in-depth analysis of the global coconut oil market.
This report provides an in-depth analysis of the global palm kernel oil market.
This report provides an in-depth analysis of the global crude coconut oil market.
This report provides an in-depth analysis of the global market for formic acid, its salts and esters.
Global refined coconut oil imports dropped by -5.5% y-o-y to 1M tons in 2020. The U.S., China, Germany and South Korea constitute the largest importers of refined coconut oil worldwide. In 2020, American and Chinese imports declined significantly, while the purchases in Turkey followed an upward trend. Last year, the average refined coconut oil import price rose by +4.5% compared to the figures of 2019.
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