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Singapore - Refined Coconut (Copra) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Coconut Oil Price in Singapore - 2022
Contents:
- Refined Coconut Oil Price in Singapore (CIF) - 2022
- Refined Coconut Oil Price in Singapore (FOB) - 2022
- Refined Coconut Oil Imports in Singapore
- Refined Coconut Oil Exports in Singapore
Refined Coconut Oil Price in Singapore (CIF) - 2022
The average refined coconut oil import price stood at $1,906 per ton in 2022, surging by 16% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined coconut oil import price increased by +108.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 79% against the previous year. Over the period under review, average import prices reached the maximum at $1,912 per ton in 2017; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($2,676 per ton), while the price for Indonesia ($1,824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Coconut Oil Price in Singapore (FOB) - 2022
The average refined coconut oil export price stood at $3,586 per ton in September 2022, dropping by -17.4% against the previous month. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in January 2022 an increase of 436% m-o-m. The export price peaked at $10,406 per ton in May 2022; however, from June 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was the United States ($13,316 per ton), while the average price for exports to Pakistan ($569 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Coconut Oil Imports in Singapore
In 2022, approx. 25K tons of refined coconut (copra) oil were imported into Singapore; declining by -7.2% compared with the previous year's figure. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 1.1%.
In value terms, refined coconut oil imports stood at $48M in 2022. In general, total imports indicated prominent growth 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, imports increased by +95.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
Import of Refined Coconut Oil in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 27.5 | 18.3 | 33.2 | 37.7 | 11.1% |
Malaysia | 9.8 | 5.1 | 8.5 | 7.4 | -8.9% |
Philippines | 0.4 | 0.2 | 1.0 | 2.0 | 71.0% |
Others | 1.1 | 1.0 | 1.9 | 1.0 | -3.1% |
Total | 38.7 | 24.6 | 44.6 | 48.1 | 7.5% |
Top Suppliers of Refined Coconut Oil to Singapore in 2022:
- Indonesia (20.7K tons)
- Malaysia (3.6K tons)
- Philippines (0.7K tons)
Refined Coconut Oil Exports in Singapore
Refined coconut oil exports from Singapore soared to 2.8K tons in 2022, surging by 28% on 2021. Overall, exports, however, recorded a deep setback.
In value terms, refined coconut oil exports soared to $8.3M in 2022. Over the period under review, exports, however, continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year.
Export of Refined Coconut Oil in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 0.6 | 1.3 | 1.1 | 1.9 | 46.8% |
United Arab Emirates | N/A | N/A | N/A | 1.6 | 0% |
Yemen | 0.7 | 0.4 | 1.0 | 1.0 | 12.6% |
United States | 15.3 | N/A | 0.5 | 0.9 | -61.1% |
Pakistan | 1.0 | 0.7 | 0.4 | 0.6 | -15.7% |
Taiwan (Chinese) | 0.1 | 0.4 | 0.3 | 0.4 | 58.7% |
Canada | 7.6 | 0.3 | 0.4 | 0.4 | -62.5% |
Russia | N/A | N/A | N/A | 0.3 | 0% |
Ireland | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
Burkina Faso | N/A | N/A | N/A | 0.2 | 0% |
Bahrain | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
Malaysia | N/A | N/A | 0.8 | 0.1 | -87.5% |
Others | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
Total | 26.2 | 3.8 | 5.6 | 8.3 | -31.8% |
Top Export Markets for Refined Coconut Oil from Singapore in 2022:
- Pakistan (696.0 tons)
- United Arab Emirates (682.0 tons)
- Yemen (316.3 tons)
- Russia (224.0 tons)
- Japan (220.3 tons)
- Burkina Faso (120.9 tons)
- United States (108.5 tons)
- Ireland (91.2 tons)
- Taiwan (Chinese) (53.3 tons)
- Malaysia (48.0 tons)
- Canada (45.6 tons)
- Bahrain (44.9 tons)
This report provides an in-depth analysis of the refined coconut oil market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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 refined coconut oil market in Singapore.
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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.
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