Crude Coconut Oil Prices

Crude Coconut Oil Prices December 2023

In the North America, there was a rise in inventories that caused instability in the fundamental elements of the crude coconut oil market during Q4 2023. The price of crude coconut oil in the USA hit 1,147 USD/MT in December 2023.

In Asia Pacific, regardless of competing with cheaper alternatives and market fluctuations, the crude coconut oil market ended the year with favorable outcomes. The role of production costs had been crucial in maintaining price stability, ending the year at around 9,68 USD/MT in Indonesia during December 2023.

In Europe, the crude coconut oil market saw a shift in the fourth quarter because of the weak state of the worldwide economy and the high volume of foreign imports. In Germany, crude coconut oil prices reached 1,416 USD/MT during December 2023.

Crude Coconut Oil Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Crude Coconut Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of crude 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 crude coconut oil at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of crude coconut oil price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing crude 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.

Crude Coconut Oil Market Analysis

The global crude coconut oil market size reached 3.77 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 4.39 Million Tons, at a projected CAGR of 1.7% during 2023-2032.

• With the high oil content and sustainable production methods, coconut oil can be transformed into biodiesel, providing a green substitute for conventional fossil fuels. The use of crude coconut oil in biofuel production helps lessen greenhouse gas emissions and reliance on non-renewable energy sources. In tropical areas where coconuts are plentiful, producing biodiesel from coconut oil is important for offering a sustainable energy option within the community. According to a report from the International Energy Agency (IEA) published in 2023, there is expected to be a growth in biofuel demand of 38 billion liters between 2023 and 2028, which represents a nearly 30% increase from the previous five-year period.
• More people are choosing natural alternatives as they become more informed about the health benefits and environmental effects of synthetic ingredients. Crude coconut oil, which undergoes minimal processing, preserves the majority of its innate components, leading to its widespread use in the food and beverage (F&B), cosmetics, and pharmaceutical sectors. It includes advantageous fatty acids such as lauric acid with antimicrobial properties, and medium-chain triglycerides (MCTs) for quick energy. In August 2023, Tata Consumer Products introduced the Tata Simply Better line of cold-pressed oils, including virgin cold pressed coconut oil, to meet the needs of health-conscious customers seeking natural and unprocessed choices.
• Online shopping websites provide the option of receiving products at home at competitive prices, which entices more buyers to purchase crude coconut oil over the internet. Besides this, the use of digital marketing tactics and social media presence is raising individual knowledge.
• There is a shift towards sustainable and ethical sourcing practices due to increasing consumer desire for environmentally and socially responsible products. Producers are reacting by adopting sustainable farming techniques like organic farming and acquiring fair trade certifications. In April 2024, farmers in Kerala achieved success in enhancing coconut farming by implementing integrated farming systems (IFS), leading to increased income and sustainability. This project, endorsed by the central plantation crops research institute (CPCRI), converted conventional methods into agriculture models that are both profitable and environmentally sustainable.
• Crude coconut oil is utilized in in skincare items, including lotions, creams, and lip balms because of its hydrating and nourishing characteristics. Its ability to fight against microbes and fungi makes it helpful in healing skin issues, like eczema and dermatitis. In July 2023, 18.21 Man Made launched a Lip Balm that is hydrating and shine-free, made with coconut oil to provide moisture without a glossy finish.

Crude Coconut Oil News

The report covers the latest developments, updates, and trends impacting the global crude 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 crude coconut oil production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the crude coconut oil price trend.

Latest developments in the crude coconut oil industry:

• February 2024: Philippine Coconut Authority (PCA), Ares Merchants Philippines, Inc. (AMPI), and Limketkai Manufacturing Corp. (LMC) signed a memorandum of understanding (MOU) to create EU-compliant, mosh and moah-free crude coconut oil for processing in Europe's initial Philippine-owned refinery. The agreement was centered on assisting coconut farmers and guaranteeing oil production followed regulations.
• August 2023: The PCA stated its intention to plant 100 million trees in Mindanao and indigenous territories to regain its status as the leading coconut producer globally. The goal was to increase productivity and tackle competition from Indonesia and India.

Product Description

Crude coconut oil is an unrefined oil extracted from the kernel or meat of mature coconuts harvested from the coconut palm. It is manufactured from the mechanical pressing or cold pressing of dried coconut meat, which results in the extraction of the oil. It has a characteristic deep brown color and strong coconut aroma, distinguishing it from refined coconut oils, which are clear and odorless.

Crude coconut oil contains healthy fats which provide a quick source of energy and help in achieving a sensation of fullness. It can enhance gut health by supporting a healthy equilibrium of gut bacteria and assisting in the absorption of nutrients. It provides a quick energy source for the brain, which may support cognitive function and protect against neurological diseases.

Crude coconut oil is essential in making soaps, detergents, and cosmetics owing to its highly prized emollient properties. It also functions as a biofuel, providing a sustainable energy option as an alternative to fossil fuels.

Regional Coverage

The report provides a detailed analysis of the crude 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 crude coconut oil price trend. 

Global Crude Coconut Oil Price

The report offers a holistic view of the global crude coconut oil pricing trends in the form of crude 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 crude 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 crude 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 Crude Coconut Oil Price

European crude coconut oil prices experienced a notable rise because of consistent demand from local buyers. Even with this upward trajectory, manufacturers encountered obstacles in the raw materials industry. Unfavorable weather conditions, such as unexpected floods and inconsistent rainfall, had a detrimental effect on agricultural production, reducing the supply of raw materials in the market. The crude coconut oil industry faced a combination of factors, with high demand being counteracted by supply challenges.

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

North America Crude Coconut Oil Price

The prices of crude coconut oil were influenced by a combination of trading dynamics, consumer demand, and production rates. Prices rose due to higher consumer demand and beneficial export conditions. The increase in bulk ordering trends further enhanced this upward momentum. Nevertheless, the shortage of raw materials led to an imbalance between supply and demand, resulting in increased prices. The overall trend in crude coconut oil prices was determined by the balance between increased demand and limited supply.

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

Middle East and Africa Crude Coconut Oil Price

The report explores the crude 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 crude coconut oil prices for countries can also be provided.

Asia Pacific Crude Coconut Oil Price

The crude coconut oil market had a positive outlook as downstream industries continued to maintain consistent demand. Initially, there was an increase in the prices of Indonesian crude coconut oil, indicating this pattern. Nonetheless, prices decreased as consumer sector spending declined. Meanwhile, the Malaysian market remained strong with few changes, showing just a small decrease. Overall, the crude coconut oil price experienced diverse results in different areas, influenced by both demand trends and external market situations.

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

Latin America Crude Coconut Oil Price

The analysis of crude 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of crude 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 crude 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 crude coconut oil price charts ensure our clients remain at the forefront of the industry.