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During the review period, Refined Coconut Oil imports peaked at 28K tons in 2022, but saw a significant decline in the following year. In terms of value, imports of Refined Coconut Oil dropped notably to $27M in 2023.
In May 2023, the growth pace of Refined Coconut Oil was the most rapid, with exports increasing by 89% month-to-month. However, in November 2023, the value of refined coconut oil exports notably fell to $3.4M.
In terms of overall imports, there was a steady trend observed. The import value of Refined Coconut Oil experienced a significant increase, reaching $1.9M in November 2023.
During the period of September 2023 to October 2023, there was a slight decrease in the growth of imports. In terms of value, the imports of Refined Coconut Oil surged to $508K in October 2023.
During the period from December 2022 to September 2023, the import growth experienced a slight decrease. The value of Refined Coconut Oil imports significantly rose to $5.7M in September 2023.
The price of Refined Coconut Oil in June 2023 was $1,923 per ton (FOB, Netherlands), showing a 1.6% increase compared to the previous month.
The price of Refined Coconut Oil, CIF Australia, rose by 9.3% to $2,061 per ton in June 2023 compared to the previous month.
In April 2023, the price of Refined Coconut Oil reached $2,181 per ton (CIF, Italy), showing a 5.1% increase compared to the previous month.
In April 2023, the refined coconut oil price amounted to $1,173 per ton (CIF, China), stabilizing at the previous month.
In February 2023, the refined coconut oil price stood at $2,029 per ton (CIF, Poland), declining by -3.5% against the previous month.
In January 2023, the price of refined coconut oil was $3,305 per ton (CIF, Qatar). This is a 24% increase from the previous month.
In November 2022, the refined coconut oil price stood at $1,724 per ton (CIF, US), which is down by -9.7% against the previous month.