Market research

Coconut oil and fractions market in Southern Asia

$Coconut oil and fractions market in Southern Asia$

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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"Southern Asia" region includes following countries:

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Earlier Report Observations

The coconut oil market in Southern Asia expanded from 686 thousand tons in 2018 to 755 thousand tons in 2020. This growth was initially driven by government-funded initiatives, including the establishment of new processing units for value-added products like virgin coconut oil and a US$ 10 million investment for coconut cultivation area expansion. By 2019, a significant rise in domestic prices, fueled by increased demand and export growth, provided further momentum for market volume.

Market volume then contracted to 731 thousand tons in 2021 and fell further to 669 thousand tons in 2022, before recovering to 723 thousand tons in 2023. These fluctuations reflected notable shifts in import levels alongside changes in domestic production output during the period.

In 2024, prolonged droughts and recurring heatwaves in key coconut-growing states such as Tamil Nadu and Kerala significantly reduced copra yields and coconut oil extraction. An early monsoon onset shortened the harvesting season, limiting mature coconut availability for processing. These supply constraints led to sharp price increases and prompted industry advocacy for temporary easing of import restrictions on coconut oil.

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. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Southern Asia
  1. 5.1.1. Annual dynamics of production in Southern Asia 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Afghanistan in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Afghanistan by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, M $ 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 Afghanistan, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Afghanistan 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Afghanistan in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Afghanistan by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Afghanistan in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Afghanistan by countries, 2018-2024, M $ 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 Afghanistan, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Afghanistan 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, M $ 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 Afghanistan, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Afghanistan 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Afghanistan in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Afghanistan by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Afghanistan in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Afghanistan by countries, 2018-2024, M $ 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 Afghanistan, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Afghanistan by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 Southern Asia

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 2018, Southern Asia's production of coconut oil and fractions reached its lowest point at 676.6 thousand tonnes, with the largest decline of 1.6% occurring that year. Production then rebounded in 2019, showing the largest increase of 1.6%. By 2020, output stood at 679.2 thousand tonnes, representing a slight decrease of 1.2% compared to 2019.

Annual dynamics of production in Southern Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.6%)	1.6%	(1.2%)	(0.4%)

Source: SHEV.io

In value, 2017-2020, M $ US

Following two years of decline, coconut oil and fractions production in Southern Asia saw an upturn. The minimum value was recorded in 2019 at 2 653 million US dollars, with the largest decline of 14.7% occurring that year. In 2020, production value rose to 2 694 million US dollars, marking a 1.6% increase from 2019. Over the period from 2017 to 2020, production decreased by 16.6%, which translates to an annualized rate of 5.9%.

Annual dynamics of production in Southern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.7%)	(14.7%)	1.6%	(5.9%)

Source: SHEV.io

Exports coconut oil and fractions from Southern Asia

Exports in kind, t

After two years of losses, cross-border shipments of coconut oil and fractions from Southern Asia increased. The minimum volume was recorded in 2019 at 15 766 tonnes, with the largest decline of 21.5% occurring that year. In 2020, export volume reached 21 398 tonnes, showing a significant improvement of 35.7% compared to 2019. Between 2017 and 2020, exports grew by 6.2%, equating to an annualized rate of 2.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.3%)	(21.5%)	35.7%	2.0%

Source: SHEV.io

From 2017 to 2020, the United States, Germany, and Australia were the three main markets for coconut oil and fractions exports from Southern Asia, collectively absorbing 52.1% of total export volume.

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

Source: SHEV.io

World map of product's exports from Southern Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Following two years of decline, foreign supplies of coconut oil and fractions from Southern Asia increased. The minimum value was recorded in 2019 at 60.9 million US dollars, with the largest decline of 34.1% occurring that year. In 2020, export value amounted to 84.9 million US dollars, showing a dramatic advance of 39.5% from the previous year. Over the period from 2017 to 2020, exports decreased by 10.3%, with a compound annual growth rate of 3.6%.

Annual dynamics of product's exports from Southern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.4%)	(34.1%)	39.5%	(3.6%)

Source: SHEV.io

From 2017 to 2020, the United States, Germany, and Australia remained the main buyers of coconut oil and fractions from Southern Asia in value terms, accounting for 24.4%, 15.8%, and 12.2% of exports respectively. Together, these three markets formed 52.5% of total export value.

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

Source: SHEV.io

World map of product's exports from Southern Asia in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Southern Asia

Imports in kind, t

Southern Asia's imports of coconut oil and fractions increased for the third consecutive year. In 2020, import volume totalled 97 603 tonnes, up by 193.5% compared with 2019. Over the period from 2017 to 2020, imports grew by 435.7%, with a compound annual growth rate of 75.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	60.4%	13.8%	193.5%	75.0%

Source: SHEV.io

From 2017 to 2020, Indonesia, Malaysia, and the United Arab Emirates remained the principal suppliers of coconut oil and fractions to Southern Asia in volume terms, accounting for 34.0%, 25.9%, and 17.4% of imports respectively. Together, these three countries accounted for 77.4% of total import volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

There were noticeable fluctuations in market performance during this period. The minimum value was recorded in 2019 at 33.1 million US dollars, with the largest decline of 18.6% occurring that year. From this trough in 2019 to the peak in 2020, imports changed by a factor of 3.4. In 2020, Southern Asia imported coconut oil and fractions valued at 84.9 million US dollars, marking a sharp rise of 241.5% compared to 2019.

Annual dynamics of product's imports to Southern Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.0%	(18.6%)	241.5%	44.7%

Source: SHEV.io

From 2017 to 2020, Indonesia, Malaysia, and the United Arab Emirates were the principal sources for coconut oil and fractions imports to Southern Asia in value terms, accounting for 31.2%, 25.3%, and 18.2% of imports respectively. Together, these three countries accounted for 74.7% of total import value.

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

Source: SHEV.io

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

Source: SHEV.io