Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Coconut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23068
Buy Now
Coconut Oil Prices March 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Coconut Oil | Agricultural Feedstock | Brazil | 8,010 USD/Ton |
| Coconut Oil | Agricultural Feedstock | Korea | 6,170 USD/Ton |
The price of coconut oil in Brazil for Q1 2024 reached 8,010 USD/Ton in March. Similarly, the price trend for coconut oil in Korea in reached 6,170 USD/Ton 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.
Coconut Oil Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Coconut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” 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 Market Analysis
The global coconut oil market 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 toward 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 $1.5 trillion in mitigation of climate change expenditures with this significant shift in consumer preferences. Besides this, plant-based foodies and 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 like to use 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 food industry due to the 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 gaining traction as a flexible and wholesome substitute. Moreover, according to industry reports, the sales of plant-based foods reached $8 billion in the US in 2022, with annual growth of 6.6%. As a result, the growing demand from consumers for sustainable and nourishing food options is reflected in the growth of the plant-based food industry and the coconut oil market.
- The market is expanding due to coconut oil's rising appeal in the pharmaceutical industry. Additionally, it is a desirable component for a variety of pharmaceutical applications due to its distinct therapeutic qualities for creating ointments, lotions, and other pharmaceutical goods owing to its well-known antibacterial, antiviral, and anti-inflammatory qualities. Coconut oil's lauric acid content enhances its potency in treating skin diseases, thus contributing to market growth. A report released by IMARC Group states that the Indian pharmaceutical market was valued at US$ 54.6 billion in 2023. The report also projects significant growth, with the pharmaceutical industry in India expected to grow to 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 market, 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:
- September 2023, Kannadi Karshaka Kootayma, a new company formed by a group of farmers introduced three varieties of herb-infused virgin coconut oil under the Kannadi brand.
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.
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
The report offers a holistic view of the global coconut oil pricing trends in the form of coconut oil price charts, 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
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.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Coconut Oil Price
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.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Coconut Oil Price
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.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Coconut Oil Price
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.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Coconut Oil Price
The analysis of coconut oil prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Coconut Oil |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Coconut Oil Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of coconut oil pricing, 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 charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase Options
For 2 Deliverables, Billed Annually
For 4 Deliverables, Billed Annually
For 12 Deliverables, Billed Annually
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More