- Virgin coconut oil prices mostly softened during Q1’26 as improved coconut availability in Asia reduced supply pressure, while Europe and North America saw limited support from import costs.
- Upstream pressure came mainly from coconut and copra availability, but the Iran war and Strait of Hormuz disruption raised freight, insurance, and energy-linked logistics costs.
- Downstream demand stayed selective from food, personal care, and wellness applications, with buyers avoiding heavy stocking amid high landed costs.
Asia
During Q1’26, virgin coconut oil production in Asia showed a declining price trend as improved coconut arrivals in key producing countries eased raw material tightness. In the Philippines, coconut oil exports fell 5.8% in February due to weak output, showing that supply recovery was uneven across origins. Indonesia’s HS 15 animal and vegetable oils exports stood at 3.06 billion kg in February 2026, supporting regional availability. Freight costs rose after the Strait of Hormuz disruption, but a stronger coconut supply outweighed logistics pressure.
Europe
During Q1’26, virgin coconut oil production in Europe followed a slightly firm-to-stable trend as the region remained import dependent and exposed to higher shipping costs. The Strait of Hormuz disruption affected energy and vessel movement, raising freight and insurance costs for imported oils. Demand from food, cosmetics, and natural ingredient buyers remained steady, but buyers limited bulk procurement due to high landed-cost risk.
North America
During Q1’26, virgin coconut oil production in North America showed a stable-to-soft trend as import availability remained sufficient and downstream buying was cautious. The virgin coconut oil price analysis showed continued coconut oil inflows, which supported supply availability and kept the market well supplied throughout the quarter. The Iran war increased freight and insurance costs, but buyers relied on existing inventories and regular Asian shipments, limiting upward pressure. Demand from food processing and personal care stayed stable, but was not strong enough to create tightness.