Market research

Coconut oil and fractions market in Americas

$Coconut oil and fractions market in Americas$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Americas" region includes following countries:

Bermuda

Canada

Greenland

Saint Pierre and Miquelon

the United States

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The market volume for coconut oil in the Americas grew from 194.9 thousand tons in 2018 to 204.5 thousand tons in 2023, though not without fluctuations. A key driver in 2020 was product innovation, notably Bunge Limited's launch of a new portfolio of specialty fat fractions and shortenings based on coconut oil, designed to replicate meat taste and texture, which stimulated demand in North America and contributed to the year's market growth to 201.6 thousand tons.

Following this, increased global trade activity supported the market. Rising worldwide exports of refined coconut oil in 2021 coincided with a period of stable volume but significant growth in market value. The peak of the global refined coconut oil market in 2022 aligned with the Americas reaching its highest volume of 205.4 thousand tons, further supported by record-high global imports that year. However, the subsequent global market contraction and price volatility in 2023 led to a slight decrease in the regional market volume to 204.5 thousand tons and a drop in value to 541.8 million USD.

Trends observed into 2024 included growing consumer demand for organic and chemical-free coconut oil products in North America, driven by health and sustainability trends, which continued to spur product innovation. Simultaneously, structural supply-side constraints emerged, such as aging coconut plantations and slow replanting rates, limiting copra availability. Technological advancements in production, like Kerafed's upgrade to cold-press extraction technology, aimed at improving product quality in response to these market dynamics.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Americas
  1. 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coconut oil and fractions in Americas

In kind, 2017-2020, K t

Top producers of coconut oil and fractions, 2017-2020

Source: SHEV.io

World map of production of coconut oil and fractions, 2017-2020

Source: SHEV.io

In the Americas, 181.4 thousand tons of coconut oil and fractions were produced in 2020, marking a 2.2% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 3.8%, with an average annual growth rate of 1.2%. The largest decline occurred in 2019, at 1.3%, while the most significant increase was recorded in 2018, at 2.8%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.8%	(1.3%)	2.2%	1.2%

Source: SHEV.io

In value, 2017-2020, M $ US

Following a two-year decline, coconut oil and fractions production in the Americas saw an increase. In 2020, the output was valued at 399.9 million US dollars, showing a robust 15.2% rise from the prior year. From 2017 to 2020, production decreased by 16.9%, with an average annual decline of 6.0%. The lowest value was recorded in 2019 at 347.3 million US dollars, which also saw the largest decline of 22.1%.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.4%)	(22.1%)	15.2%	(6.0%)

Source: SHEV.io

Exports coconut oil and fractions from Americas

Exports in kind, t

After two years of growth, coconut oil and fractions exports from the Americas declined. In 2020, exports totaled 20 825 tons, down by 15.8% from the previous year. Between 2017 and 2020, exports increased by 13.1%, equivalent to an annualized rate of 4.2%. The highest volume was recorded in 2019 at 24 724 tons, which also experienced the largest increase of 22.6%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	22.6%	(15.8%)	4.2%

Source: SHEV.io

From 2017 to 2020, China held the leading position in exports of coconut oil and fractions from the Americas in kind, with a share reaching 0.7%.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Coconut oil and fractions shipments from the Americas to abroad declined for the third consecutive year. In 2020, exports reached 45.9 million US dollars, indicating a limited decline of 5.1% from the year before. Over the period from 2017 to 2020, exports decreased by 9.4%, with an average annual decline of 3.3%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.4%)	(3.2%)	(5.1%)	(3.3%)

Source: SHEV.io

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Americas in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Americas

Imports in kind, t

The volume of coconut oil and fractions imports into the Americas increased for the third consecutive year. In 2020, import volume was recorded at 41 070 tons, reflecting a 7.8% increase over the past year. Between 2017 and 2020, imports grew by 17.3%, equating to an annualized rate of 5.5%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.7%	8.1%	7.8%	5.5%

Source: SHEV.io

From 2017 to 2020, the Philippines, Malaysia, and Indonesia made the biggest contributions to imports in kind, accounting for 47.0%, 11.2%, and 9.7% of imports, respectively. Together, they comprised 68.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After a two-year decrease, foreign coconut oil and fractions supplies to the Americas increased. In 2020, imports stood at 108.0 million US dollars, representing a modest advance of 9.5% over the past year. Between 2017 and 2020, imports decreased by 14.3%, equating to an annualized rate of 5.0%. The minimum value was recorded in 2019 at 98.6 million US dollars, which also saw the largest decline of 16.5%.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.2%)	(16.5%)	9.5%	(5.0%)

Source: SHEV.io

In the period from 2017 to 2020, the Philippines, Malaysia, and Vietnam accounted for the largest share of imports in value terms, with shares of 43.1%, 8.1%, and 7.7%, respectively. Together, they comprised 58.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Americas in value, 2017-2020

Source: SHEV.io