Market research

Coconut oil and fractions market in Costa Rica

$Coconut oil and fractions market in Costa Rica$

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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Earlier Report Observations

From 2018 to 2020, the coconut oil market volume in Costa Rica expanded from 373.8 t to 439.0 t. This initial growth phase coincided with several domestic companies beginning to produce coconut oil and related products, tapping into global consumption trends. At the same time, the Ministry of Health enacted the Regulation for Public Food Services, which established clear quality and safety standards for fats and oils, strengthening consumer trust and market foundations.

After a decline to 387.6 t in 2021, the market recovered strongly, reaching 465.7 t by 2023. The rebound in 2022 was notably supported by growing consumer preference for virgin organic coconut oil, valued for its cardiovascular and metabolic health benefits, which increased demand for natural and sustainable products. The market environment was further shaped in 2023 by new sustainability regulations requiring agricultural commodities like vegetable oils to be traded without harming ecosystems, alongside a comprehensive regulatory overhaul that affected import and production standards, contributing to a sharp rise in imports.

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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Costa Rica
  1. 5.1.1. Annual dynamics of production in Costa Rica in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Costa Rica in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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 Costa Rica in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Costa Rica 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, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Costa Rica in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Costa Rica by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Costa Rica, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Costa Rica by countries, 2018-2024, $ US/kg
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 Costa Rica in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Costa Rica 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, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Costa Rica in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Costa Rica by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Costa Rica, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Costa Rica by countries, 2018-2024, $ US/kg
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 Costa Rica in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Costa Rica 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, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Costa Rica in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Costa Rica by countries, 2018-2024, K $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Costa Rica, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Costa Rica by countries, 2018-2024, $ US/kg
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 Costa Rica in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Costa Rica 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, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Costa Rica in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Costa Rica by countries, 2018-2024, K $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Costa Rica, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Costa Rica by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 Costa Rica

In kind, 2017-2020, 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 2020, Costa Rica produced 259.3 t of coconut oil and fractions, marking a significant 15.4% year-on-year increase. Over the 2017-2020 period, production grew by 23.2%, with a compound annual growth rate (CAGR) of 7.2%. The largest decline occurred in 2019, when production fell by 2.7%.

Annual dynamics of production in Costa Rica in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.7%	(2.7%)	15.4%	7.2%

Source: SHEV.io

Exports coconut oil and fractions from Costa Rica

Exports in kind, t

Costa Rica's exports of coconut oil and fractions declined for the second consecutive year. In 2020, the country exported 0.1 t, representing a sharp 71.8% drop compared to the previous year. Over the 2018-2020 period, exports decreased by 91.1%, with a CAGR of 55.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(68.5%)	(71.8%)	-

Source: SHEV.io

From 2017 to 2020, Honduras (46.2% of exports in kind), Guatemala (26.1%), and Guinea-Bissau (9.8%) remained the top buyers of Costa Rican coconut oil and fractions, collectively accounting for 82.0% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Costa Rica's export value of coconut oil and fractions fell for the second year in a row. In 2020, exports reached 1.4 K $ US, a 77.9% decrease from the previous year. Over the 2018-2020 period, export value declined by 82.1%, with a CAGR of 43.6%.

Annual dynamics of product's exports from Costa Rica in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	(18.9%)	(77.9%)	-

Source: SHEV.io

Between 2017 and 2020, Guatemala (33.8% of exports in value terms), Guinea-Bissau (23.6%), and Russia (15.1%) were the main markets for Costa Rican coconut oil and fractions in value terms, together making up 72.5% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports coconut oil and fractions to Costa Rica

Imports in kind, t

Costa Rica's imports of coconut oil and fractions increased for the third consecutive year. In 2020, imports totaled 179.8 t, remaining nearly unchanged from the previous year. Between 2017 and 2020, imports rose by 47.8%, equating to an annualized growth rate of 13.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.7%	24.3%	0.1%	13.9%

Source: SHEV.io

From 2017 to 2020, the United States (63.2% of imports in kind), Sri Lanka (11.9%), and the Philippines (10.2%) were the primary sources for Costa Rica's coconut oil and fractions imports, together absorbing 85.3% of total imports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Costa Rica imported 949.6 K $ US worth of coconut oil and fractions, showing an 11.9% year-on-year increase. Over the 2017-2020 period, import value grew by 7.4%, with a CAGR of 2.4%. The lowest value was recorded in 2019 at 848.2 K $ US, while the highest was in 2018 at 999.6 K $ US. The largest decline occurred in 2019 with a 15.1% drop, and the largest increase was in 2018 with a 13.0% rise.

Annual dynamics of product's imports to Costa Rica in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.0%	(15.1%)	11.9%	2.4%

Source: SHEV.io

Between 2017 and 2020, the United States remained the dominant source for Costa Rica's imports in value terms, holding a 73.5% share of total flows, with the remainder fragmented across other markets.

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

Source: SHEV.io

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

Source: SHEV.io