Eastern Europe: Refined Coconut Oil Market 2024

Refined Coconut Oil Market Size in Eastern Europe

The East European refined coconut oil market amounted to $X in 2023, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Refined Coconut Oil Production in Eastern Europe

In value terms, refined coconut oil production reached $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Refined Coconut Oil Exports

Exports in Eastern Europe

In 2023, overseas shipments of refined coconut (copra) oil decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, refined coconut oil exports reduced slightly to $X in 2023. In general, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X tons) was the main exporter of refined coconut (copra) oil, generating X% of total exports. Poland (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%) and Bulgaria (X%). The following exporters - Lithuania (X tons), Latvia (X tons) and Romania (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to refined coconut oil exports from Russia stood at X%. At the same time, Latvia (X%), Romania (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Lithuania (X%) and Bulgaria (X%) illustrated a downward trend over the same period. Russia (X p.p.), Poland (X p.p.), Latvia (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania and Bulgaria saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Lithuania, Bulgaria, Latvia and Romania lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined coconut oil export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Refined Coconut Oil Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of refined coconut (copra) oil decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then shrank modestly in the following year.

In value terms, refined coconut oil imports shrank to $X in 2023. Over the period under review, imports, however, recorded temperate growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then shrank in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) prevails in imports structure, together mixing up X% of total imports. It was distantly followed by Ukraine (X tons), creating a X% share of total imports. Hungary (X tons), the Czech Republic (X tons), Romania (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Ukraine ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Russia, 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 more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined coconut oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Romania ($X per ton) and the Czech Republic ($X per ton), while Ukraine ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform