Market research

Coconut oil and fractions market in Latin America and the Caribbean

$Coconut oil and fractions market in Latin America and the Caribbean$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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"Latin America and the Caribbean" region includes following countries:

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 and fractions in Latin America and the Caribbean experienced moderate fluctuations between 2018 and 2023, stabilizing near 191-192 thousand tons in the initial years. A peak of 197.7 thousand tons was reached in 2020, followed by a dip the next year and a gradual recovery to 199.8 thousand tons by 2023.

In 2024, the market environment was influenced by rising consumer demand for natural and organic products, which boosted coconut oil usage in cosmetics and food. Additionally, global supply tightness emerged due to El Niño weather patterns disrupting copra production in major origins like the Philippines and Indonesia, contributing to higher prices and increased regional import volumes.

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 Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean 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 Argentina in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina 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 Argentina in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina 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 Argentina in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina 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 Argentina in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina 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 Argentina in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina 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 Argentina in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina 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 Argentina in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina 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 Argentina in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina 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, 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 Latin America and the Caribbean

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 Latin America and the Caribbean, coconut oil and fractions production reached 181.4 thousand tonnes in 2020, marking a 2.2% increase from the previous year. Over the period from 2017 to 2020, production grew by 3.8%, which translates to an annualized growth rate of 1.2%. The largest annual increase occurred in 2018 at 2.8%, while the largest decline was recorded in 2019 at 1.3%.

Annual dynamics of production in Latin America and the Caribbean 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 two consecutive years of decline, coconut oil and fractions production in Latin America and the Caribbean rebounded in 2020. The output was valued at 389.7 million US dollars, representing a 7.6% increase from 2019. However, from 2017 to 2020, production value decreased by 31.1%, averaging an annual decline of 11.7%. The lowest value was recorded in 2019 at 362.1 million US dollars, which also saw the largest annual decline of 21.8%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.1%)	(21.8%)	7.6%	(11.7%)

Source: SHEV.io

Exports coconut oil and fractions from Latin America and the Caribbean

Exports in kind, t

Cross-border shipments of coconut oil and fractions from Latin America and the Caribbean increased for the third consecutive year in 2020. Exports totaled 4 944 tonnes, showing a significant rise of 23.4% compared to the previous year. From 2017 to 2020, exports grew by 95.8%, with a compound annual growth rate (CAGR) of 25.1%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.0%	21.2%	23.4%	25.1%

Source: SHEV.io

Between 2017 and 2020, the United States and Italy were the primary markets for exports in kind, together accounting for 14.8% of total export flows.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, coconut oil and fractions deliveries from Latin America and the Caribbean were valued at 10 620 thousand US dollars, reflecting a 29.9% increase from the previous year. Over the 2017-2020 period, exports in value terms grew by 30%, with a CAGR of 9.1%. The largest annual decline occurred in 2019 at 4.1%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.3%	(4.1%)	29.9%	9.1%

Source: SHEV.io

From 2017 to 2020, the United States (16.6% of exports in value terms), Italy (0.6%), and Cabo Verde (0.5%) consistently served as the main destinations for exports in value terms, together accounting for 17.7% of total flows.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Latin America and the Caribbean

Imports in kind, t

Coconut oil and fractions shipments to Latin America and the Caribbean from abroad increased for the second consecutive year in 2020. Imports totaled 18 800 tonnes, which is 26.0% higher than in 2019. Over the 2017-2020 period, imports grew by 32.4%, with a CAGR of 9.8%. The lowest import volume was recorded in 2018 at 14 900 tonnes, which also saw the largest annual decline of 7.2%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.2%)	13.2%	26.0%	9.8%

Source: SHEV.io

Throughout 2017-2020, the Philippines (32.5% of imports in kind), Indonesia (18.9%), and Malaysia (18.0%) remained the key sources for imports in kind, together accounting for 69.4% of total import flows.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of decline, imported coconut oil and fractions volumes in Latin America and the Caribbean increased in 2020. Imports were valued at 44 951 thousand US dollars, constituting a steep gain of 30.3% compared to 2019. However, from 2017 to 2020, imports in value terms decreased by 16.3%, averaging an annual decline of 5.8%. The lowest value was recorded in 2019 at 34 499 thousand US dollars, which also experienced the largest annual decline of 21.7%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.0%)	(21.7%)	30.3%	(5.8%)

Source: SHEV.io

Throughout 2017-2020, the Philippines (34.2% of imports in value terms), Malaysia (12.4%), and Indonesia (11.8%) formed the core of imports in value terms, together taking 58.4% of total flows.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io