Coconut Oil Prices

Coconut Oil Price Trend and Forecast

Track the latest insights on coconut oil price trend and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Coconut Oil Prices Q4 2024

During the last quarter of 2024, the coconut oil prices in the Philippines reached 1347 USD/MT in December. Due to a complicated interaction between supply and demand, the price of coconut oil in the Philippines fluctuated in late 2024. At first, government reforestation initiatives drove costs down, but supply became more limited due to old coconut palms and extreme weather. Prices increased due to rising labor and fertilizer expenses as well as the food, cosmetics, and biofuel industries' strong export demand. The Philippine Peso's depreciation increased export competition and supported persistently high pricing trends.

In the last quarter of 2024, coconut oil prices in the Netherlands remained mostly stable with minor fluctuations. The quarter ended with coconut oil priced at 1634 USD/MT in December. The market experienced a surge in prices due to a combination of increased demand and limited worldwide supply. Market pressures were exacerbated by limited copra supply as well as higher production and transportation expenses. The cost of imports was also increased by currency fluctuations and increased freight charges. The market's bullish trend was further maintained by supply shortages from important producers like Indonesia and the Philippines.

Coconut Oil Prices Q1 2024

The price of coconut oil in Brazil for Q1 2024 reached 8,010 USD/MT in March. Similarly, the price trend for coconut oil in Korea in reached 6,170 USD/MT in Q1 March 2024. Coconut oil prices in the APAC region saw an overall optimistic trend. High demand, limited supply, rising freight costs, and higher production expenses represent some of the key factors driving the prices on an upward trajectory.

Regional Coverage

The report provides a detailed analysis of the coconut oil market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the coconut oil price trend. 

Global Coconut Oil Price Trend

The report offers a holistic view of the global coconut oil pricing trends in the form of coconut oil price chart, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of coconut oil but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed coconut oil demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Coconut Oil Price Trend

Q4 2024:

The European coconut oil market saw steady price increases in the last quarter of 2024 due to a combination of growing expenses and supply constraints. Unfavorable weather conditions minimize copra production, which decreases the amount of output available from main producing locations. At the same time, rising labor and energy costs, as well as other operating expenditures, put more pressure on prices. An aggressive purchasing climate was sustained on the demand side by consistent consumption in the food, cosmetic, and pharmaceutical industries. The cost of imports was further increased by rising freight rates and currency volatility.

Q1 2024:

In the first quarter of 2024, there was a noticeable shift in European coconut oil prices, especially in the Netherlands. This fluctuation was due to decreasing worldwide coconut production, trade issues and bad weather. These problems made the supplies scarce and shipping slower, which pushed up prices. Also, more need for this oil in the food and cosmetics industries along with higher transportation expenses and changing currencies resulted in costly import prices. Even with better production processes, there wasn't enough supply to meet demand, due to which the prices stayed high.

This analysis can be extended to include detailed coconut oil price information for a comprehensive list of countries.

North America Coconut Oil Price Trend

Q4 2024:

The market in North America performed well, following developments in the European market. Various supply chain interruptions, growing industrial demands, and bad weather circumstances that stalled manufacturing served as the foundation for this increase. Continued logistical difficulties and the cessation of production led to limited stockpiles, which exacerbated supply-side limitations. Supply shortages were made worse by aggressive procurement tactics sparked by the pharmaceutical and cosmetic sectors' increased demand.

Q1 2024:

In the first quarter of 2024, the price of coconut oil in North America went up due to high demand. Problems between different countries and issues with trade also made things worse for the market. Shipping troubles led to high costs, delays, and insufficient supply. There were also worries about blockages in the Mississippi River, raising prices further. As a result, market players intensified inquiries to exporting countries, pushing prices further up.

Specific coconut oil historical data within the United States and Canada can also be provided.

Middle East and Africa Coconut Oil Price Trend

The report explores the coconut oil pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on coconut oil prices for countries can also be provided.

Asia Pacific Coconut Oil Price Trend

Q4 2024:

In countries, including the Philippines, in the Asia-Pacific region, prices fluctuated in the fourth quarter of 2024 as a result of changing supply and demand. At first, there was a minor drop in pricing as government programs to promote large-scale coconut farming indicated a possible excess. An increase in worldwide availability brought about by the rising exports also helped to restrain price fluctuations. However, aging coconut trees and extreme weather events such as Typhoon Man-yi, which reduced productivity, made supply constraints evident.

Q1 2024:

In APAC, coconut oil rates went up in the first quarter of 2024. This particularly happened in the Philippines because of more demand and less supply. A hike in delivery charges and production expenses such as fertilizers, workforce, and shipping also caused this increase. Despite local supply becoming scarce, the Philippines reported substantial exports. Market traders boosted prices strategically to profit from demand, leading to a generally favorable market trend.

This coconut oil price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Coconut Oil Price Trend

Latin America's coconut oil market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in coconut oil prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, economic fluctuations and currency devaluation are critical factors that need to be considered when analyzing coconut oil pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Coconut Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Coconut Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of coconut oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of coconut oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of coconut oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing coconut oil price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Coconut Oil Industry Analysis

The global coconut oil industry size reached US$ 6.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 11 Billion, at a projected CAGR of 6.60% during 2023-2032.

• The demand for coconut oil as a substitute for animal fats has increased dramatically due to the global trend towards vegan and plant-based diets. Growing health consciousness, ethical concerns about animal suffering, and environmental issues are driving this movement. For instance, studies from the University of Oxford in the United Kingdom (UK) suggest that a global vegan movement would cut greenhouse gas (GHG) emissions from agriculture by as much as 66%. These emissions reductions have the potential to save US$1.5 Trillion in mitigation of climate change expenditures with this significant shift in consumer preferences. Besides this, vegans are choosing coconut oil due to its several health advantages. It is regularly used in baking and cooking and as a dairy substitute in a variety of culinary goods. Numerous cuisines have coconut oil as an ingredient owing to its distinct taste character and high smoke point. Thus, the growing popularity of plant-based diets and veganism is increasing the demand for coconut oil across the globe.
• The market for coconut oil has grown at an impressive rate, especially in the F&B industry, due to consumers' shifting preferences for healthier food alternatives. As a result of this change brought about by increased knowledge of the health advantages of using natural ingredients, coconut oil is gaining traction as a flexible and wholesome substitute. Moreover, according to industry reports, the sales of plant-based foods reached US$8 Billion in the US in 2022, with annual growth of 6.6%. As a result, the growing demand from consumers for sustainable and nourishing food options is reflected in the growth of the plant-based food industry and the coconut oil market.
• The market is expanding due to coconut oil's rising appeal in the pharmaceutical industry. Additionally, it is a desirable component for a variety of pharmaceutical applications due to its distinct therapeutic qualities for creating ointments, lotions, and other pharmaceutical goods owing to its well-known antibacterial, antiviral, and anti-inflammatory qualities. Coconut oil's lauric acid content enhances its potency in treating skin diseases, thus contributing to market growth. A report released by IMARC Group states that the Indian pharmaceutical market was valued at US$ 54.6 Billion in 2023. The report also projects significant growth, with the pharmaceutical industry in India expected to grow to US$163.1 Billion by 2032 at a compound annual growth rate (CAGR) of 12.3% between 2024 and 2032.

Coconut Oil News

The report covers the latest developments, updates, and trends impacting the global coconut oil industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in coconut oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the coconut oil price trend.

Latest developments in the coconut oil industry:

• In February 2025, the district administration in the Nicobar Islands initiated specialized training sessions for self-help groups to improve virgin coconut oil (VCO) production. Moreover, the session was conducted in collaboration with Krishi Vigyan Kendras (KVKs).
• In July 2024, AAK unveiled AkoVeg 163-14, which is a coconut oil that can enable formulators to produce plant-based meat with less total fat and no cholesterol.

Product Description

Coconut oil is extracted from the kernel of mature coconuts, grown primarily in tropical regions. This edible oil has become popular for its distinct taste and various health benefits. It is now a popular choice in various global cuisines. Unlike traditional cooking oils, coconut oil has a high amount of medium-chain fatty acids, especially lauric acid that has antibacterial benefits. It is multifunctional in culinary uses like frying, baking and salad dressings. The broad uses of coconut oil make it desirable in numerous industries like dietary supplements and skincare products. It is also widely used in producing soaps, candles, cosmetics, and biofuels.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of coconut oil price index, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting coconut oil price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The coconut oil price chart ensure our clients remain at the forefront of the industry.