Coconut oil and fractions market in Brazil

Earlier Report Observations

Between 2018 and 2020, the Brazilian coconut oil market was shaped by the leading position of Copra, which invested in marketing and capitalized on the healthy food trend, supporting overall volume. Despite increasing consumer interest in organic and cold-pressed oils, the market size decreased to 13 590 t in 2019. The COVID-19 pandemic in 2020 significantly boosted demand for natural health and wellness products, driving market volume up sharply to 19 500 t, aided by the expansion into new formats such as capsules and flavorless versions.

In 2021, the introduction of new Anvisa regulations, which set strict composition, quality, and labeling standards and banned unsubstantiated health claims, led to a market correction, reducing volume to 15 625 t. By 2022-2023, following the implementation of these rules, the market stabilized around 15 900 t, with established brands like Copra maintaining leadership through certified organic and cold-pressed products that complied with the updated requirements.

Production coconut oil and fractions in Brazil

In kind, 2018-2021, t

From 2018 to 2021, Brazil ranked 15th globally in the production of coconut oil and fractions.

Top producers of coconut oil and fractions, 2018-2021

World map of production of coconut oil and fractions, 2018-2021

In 2021, Brazil produced 11 053 tonnes of coconut oil and fractions, marking a significant decline of 22.5% compared to the previous year. Over the 2018-2021 period, production decreased by 6.8%, with a compound annual growth rate of 2.3%. The lowest production level was recorded in 2019 at 9 479 tonnes, while the peak occurred in 2020 with 14 269 tonnes. The largest year-on-year increase was observed in 2020, reaching 50.5%.

Annual dynamics of production in Brazil in kind, 2018-2021, t

Exports coconut oil and fractions from Brazil

Exports in kind, t

The export market for coconut oil and fractions from Brazil showed an unstable trend during this period. Exports reached their lowest point in 2018 and peaked in 2020, with a 5.6-fold difference between these years. In 2021, exports amounted to 146 tonnes, down 5.5% from the previous year. The highest export volume was recorded in 2020 at 155 tonnes, which also saw the largest increase of 238.3%.

Annual dynamics of product's exports from Brazil in kind, 2018-2021, t

From 2018 to 2021, the main buyers of Brazilian coconut oil and fractions were Colombia, accounting for 49.6% of exports in kind, Chile with 19.5%, and Paraguay at 10.6%. Together, these three countries comprised 79.7% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Brazil in kind, 2018-2021

Exports in value, K $ US

Brazil's exports of coconut oil and fractions in value terms have increased for the third consecutive year. In 2021, exports reached 843 thousand US dollars, showing a moderate improvement of 9.1% compared to 2020. Between 2018 and 2021, exports grew by 210.2%, equivalent to an annualized rate of 45.8%.

Annual dynamics of product's exports from Brazil in value, 2018-2021, K $ US

During 2018-2021, Colombia, Chile, and Paraguay formed the main cluster of markets for Brazilian coconut oil and fractions in value terms. Colombia accounted for 33.0% of exports, Chile for 20.6%, and Paraguay for 14.8%, together representing 68.4% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Brazil in value, 2018-2021

Imports coconut oil and fractions to Brazil

Imports in kind, t

After a two-year uptick, Brazil's imports of coconut oil and fractions in kind declined. In 2021, imports totaled 4 717 tonnes, down 12.4% year-over-year. Over the 2018-2021 period, imports increased by 31.2%, with a compound annual growth rate of 9.5%. The highest import volume was recorded in 2020 at 5 383 tonnes, which also saw the largest increase of 29.5%.

Annual dynamics of product's imports to Brazil in kind, 2018-2021, t

Throughout 2018-2021, the Philippines, Malaysia, and Indonesia were the key sources for Brazil's imports of coconut oil and fractions in kind. The Philippines accounted for 27.6% of imports, Malaysia for 20.5%, and Indonesia for 20.0%, together making up 68.1% of total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Brazil in kind, 2018-2021

Imports in value, K $ US

Brazil's imports of coconut oil and fractions in value terms have increased for the second consecutive year. In 2021, imports stood at 14 250 thousand US dollars, showing a robust increase of 17.8% over the previous year. Between 2018 and 2021, imports grew by 24.3%, equating to an annualized rate of 7.5%. The lowest value was recorded in 2019 at 9 400 thousand US dollars, which saw the largest decline of 18.0%. The largest increase occurred in 2020 at 28.7%.

Annual dynamics of product's imports to Brazil in value, 2018-2021, K $ US

From 2018 to 2021, the Philippines, Uruguay, and Malaysia formed the core of Brazil's imports of coconut oil and fractions in value terms. The Philippines accounted for 33.3% of imports, Uruguay for 19.0%, and Malaysia for 14.6%, together representing 67.0% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Brazil in value, 2018-2021