Product
Crude Coconut Oil Price Trend and Forecast
Crude Coconut Oil Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Crude Coconut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
In 2022, the average annual price of coconut oil is expected to increase by 2.3% y-o-y to 1,674 USD/MT. The average yearly coconut oil price increased by 62% year over year to 1,636 USD/MT in 2021. The main drivers of such surge were a lack of supply and high freight prices. Coconut oil's price rise is aided by rising costs for other vegetable oils that follow the same fundamental trend.
In the last week of September 2021, CIF Rotterdam crude coconut oil prices were assessed at 1,600.50 USD/MT, representing an increase of 120 USD/MT (8.1%) over the previous week's assessment. The significant price increase was a break from the relatively level trade trend observed over the previous few weeks, and it was brought about by a shortage of coconuts and a rising raw material prices.
The price of raw materials increased, which resulted in an increase in the price of coconut oil. It had been difficult to cut the price of raw materials, in part due to logistical and labour availability concerns. Copra prices piked in recent weeks, making it harder to bring the price of coconut oil and derivatives down.
Procurement Resource provides latest prices of Crude Coconut Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Crude Coconut Oil or CNO is one of the basic industrial grade oils, which is derived by squeezing out the oil from copra or dried coconut meat using expeller press. Virgin coconut oil, based on its extraction method, can be exposed to heat whereas raw coconut oil is never exposed to heat. Thus, not all virgin coconut oil is raw, but all raw coconut oil is virgin. Raw coconut oil is the purest form of coconut oil. Coconut oil is a rich source of medium chain triglyceride (MCTs), that are quickly absorbed by the body to generate energy.
Product Details
| Report Features | Details |
| Product Name | Crude Coconut Oil |
| Industrial Uses | Cooking oil, Food ingredient, Spread (virgin coconut oil), Snacks, Hair oil, Engine lubricant and as a transformer oil, Soaps and surfactants, Herbicides |
| Supplier Database | Greenville Agro Corporation, P.T. Harvard Cocopro, Naturoca, Sun Bionaturals (India) Private Ltd, Celebes Coconut Corporation |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Crude Coconut Oil or CNO via Dry Process; and via Wet Process.
In the dry processing method, coconut meat is extracted from the shell and dried using fire, sunlight, or kilns to produce copra, which is further pressed or dissolved with solvents, thus, resulting in the formation of Coconut Oil along with a high-protein, high-fibre mash.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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