Earlier Report Observations
The market volume for coconut oil in Honduras showed significant volatility between 2018 and 2023. Starting at 647.6 tons in 2018, it grew to 668.5 tons in 2019 before stabilizing around 665.1 tons in 2020. A sharp surge occurred in 2021, with the market expanding to 827 tons, largely due to a spike in imports to 221.5 tons. This was followed by a correction in 2022, dropping to 630 tons as imports fell back to 40.9 tons. The market recovered partially in 2023, reaching 680.4 tons with imports rising to 91.2 tons, while domestic production remained relatively stable, gently declining from 611.7 tons to 589.2 tons over the period.
In 2024, new international certification requirements for exporting vegetable oils, particularly affecting palm oil, introduced stricter land tenure and origin certificates. The European Union's deforestation regulation intensified, mandating traceability and sustainable practices for agricultural exports. Simultaneously, global demand for coconut oil increased, with Honduras as a key commercial origin, driven by growing consumer preference for natural and organic products. Domestic regulatory changes, including reforms to the Biofuels Law promoting vegetable oils for energy and updated health regulations for food labeling, also began influencing the market structure.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Honduras
- 5.1.1. Annual dynamics of production in Honduras in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Honduras in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Honduras
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Honduras in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Honduras by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Honduras in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Honduras by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Honduras, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Honduras by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Honduras in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Honduras by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Honduras in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Honduras by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Honduras, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Honduras by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production coconut oil and fractions in Honduras
In kind, 2017-2020, t
Top producers of coconut oil and fractions, 2017-2020
World map of production of coconut oil and fractions, 2017-2020
In 2019, Honduras produced 627.6 tonnes of coconut oil and fractions, marking the highest output in recent years. This represented a 2.6% increase from the previous year. Production then declined slightly to 615.3 tonnes in 2020, a 2.0% decrease from 2019. The lowest production level was recorded in 2018 at 611.7 tonnes, which was also a 2.0% decline from the year before.
Annual dynamics of production in Honduras in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.0%) | 2.6% | (2.0%) | (0.5%) |
Exports coconut oil and fractions from Honduras
Exports in kind, kg
Honduras exported just 1 kilogram of coconut oil and fractions in 2019, representing a sharp decline of 93.5% compared to the previous year.
Annual dynamics of product's exports from Honduras in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | (93.5%) | n/a | - |
From 2017 to 2020, the United States was the sole destination for Honduras' exports of coconut oil and fractions in volume terms, accounting for 100.0% of total shipments.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Honduras in kind, 2017-2020
Exports in value, K $ US
In 2019, Honduras exported coconut oil and fractions worth 0.0 thousand US dollars, which was 99.5% lower than the value recorded in 2018.
Annual dynamics of product's exports from Honduras in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | (99.5%) | n/a | - |
Between 2017 and 2020, the United States accounted for virtually all of Honduras' coconut oil and fractions exports in value terms, with a share of 100.0%.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Honduras in value, 2017-2020
Imports coconut oil and fractions to Honduras
Imports in kind, kg
Honduras' imports of coconut oil and fractions grew for the third consecutive year in 2020, reaching 49 859 kilograms. This represented a significant increase of 21.8% compared to 2019. Over the entire 2017-2020 period, imports surged by 158.8%, translating to an average annual growth rate of 37.3%.
Annual dynamics of product's imports to Honduras in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 86.1% | 14.1% | 21.8% | 37.3% |
From 2017 to 2020, the United States was the leading source for Honduras' imports of coconut oil and fractions in volume terms, supplying 70.6% of total shipments. Other markets collectively made up the remainder.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Honduras in kind, 2017-2020
Imports in value, K $ US
The import value of coconut oil and fractions into Honduras showed considerable volatility between 2017 and 2020. In 2017, imports hit their lowest point, then surged by 83.8% in 2018 to reach a new high. However, they fell by 7.7% in 2019 before rebounding in 2020 to 234.0 thousand US dollars, a 21.2% increase from the previous year. Overall, imports in 2020 were 2.1 times higher than in 2017.
Annual dynamics of product's imports to Honduras in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 83.8% | (7.7%) | 21.2% | 27.1% |
During the 2017-2020 period, the United States dominated Honduras' imports of coconut oil and fractions in value terms, capturing 72.5% of the total. The remaining share was distributed among other countries.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Honduras in value, 2017-2020
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