Market research

Coconut oil and fractions market in Nicaragua

$Coconut oil and fractions market in Nicaragua$

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

The market for coconut oil in Nicaragua contracted sharply from 2018 to 2020, with total volume falling from 165.5 thousand tons to just 50.5 thousand tons. This steep decline was driven by a simultaneous drop in domestic production, which nearly halved from 65.1 thousand tons to 34.3 thousand tons, and a collapse in imports from over 100 thousand tons to 16.4 thousand tons.

A gradual recovery began after 2020, lifting the market volume to 75.1 thousand tons by 2023. The growth in 2022 was supported by the expansion of artisanal virgin coconut oil production in the South Caribbean Coast Autonomous Region, adding new local supply. This emerging segment responded to increased global consumer demand for natural and organic coconut oil, which also boosted market activity in Nicaragua.

In 2024, import volumes reached 33.7 thousand tons, while a small export flow of 0.9 thousand tons was recorded. Wholesale prices for coconut oil in the country ranged from $6.68 to $18.70 per kilogram, reflecting ongoing local supply and demand conditions, with artisanal production continuing to cater to health-conscious trends.

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 Nicaragua
  1. 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Nicaragua 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, kg
  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, kg
  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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Nicaragua 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 Nicaragua

In kind, 2017-2020, kg

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

Nicaragua's production of coconut oil and fractions has declined for the second year in a row. In 2020, the country produced 34 270 kg, which represents a 37.4% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 46.5%, with an average annual decline of 18.8%. The highest production level was recorded in 2018 at 65 130 kg, which also saw the largest increase of 1.6%.

Annual dynamics of production in Nicaragua in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.6%	(16.0%)	(37.4%)	(18.8%)

Source: SHEV.io

Exports coconut oil and fractions from Nicaragua

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2020 and peaked in 2019, with a 4.2-fold difference between these years. In 2020, Nicaragua exported 0.2 tonnes of coconut oil and fractions, marking a 76.2% year-over-year decrease. The maximum export volume was recorded in 2019 at 0.8 tonnes, which also experienced the largest increase of 241.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(33.6%)	241.6%	(76.2%)	(18.6%)

Source: SHEV.io

From 2017 to 2020, Honduras and Italy were the primary markets for Nicaragua's coconut oil and fractions exports in kind, together accounting for 100.0% 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 Nicaragua in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Nicaragua's coconut oil and fractions exports in value terms have declined for the third consecutive year. In 2020, exports totaled 0.2 thousand US dollars, down by 96.1% compared to the previous year. Over the 2017-2020 period, exports decreased by 98.2%, with an average annual decline of 73.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(49.1%)	(10.2%)	(96.1%)	(73.9%)

Source: SHEV.io

Between 2017 and 2020, Honduras and Italy formed a highly concentrated pair of markets for Nicaragua's coconut oil and fractions exports in value terms, together representing 100.0% 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 Nicaragua in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Nicaragua

Imports in kind, t

Nicaragua's imports of coconut oil and fractions in kind have declined for the third year in a row. In 2020, the country imported 16.4 tonnes, which is 74.3% lower than in 2019. From 2017 to 2020, imports decreased by 85.9%, equating to an annualized decline of 48.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.7%)	(36.5%)	(74.3%)	(48.0%)

Source: SHEV.io

During the 2017-2020 period, the United States and Costa Rica were the dominant suppliers of coconut oil and fractions to Nicaragua in kind, together accounting for 95.7% of total imports, while other destinations each held relatively small shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Nicaragua's imports of coconut oil and fractions in value terms have declined for the second consecutive year. In 2020, imports totaled 0.2 thousand US dollars, representing a 48.4% decrease from 2019. Between 2017 and 2020, imports fell by 63.8%, with an average annual decline of 28.7%. The highest import value was recorded in 2018 at 236.7 thousand US dollars, which also saw the largest increase of 0.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.3%	(30.1%)	(48.4%)	(28.7%)

Source: SHEV.io

From 2017 to 2020, the United States remained the leading supplier of coconut oil and fractions to Nicaragua in value terms, accounting for 72.5% of total imports, while the remainder was distributed among many other countries.

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

Source: SHEV.io

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

Source: SHEV.io