Market research

Coconut oil and fractions market in Venezuela

$Coconut oil and fractions market in Venezuela$

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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Earlier Report Observations

Venezuela's coconut oil market volume jumped to 12.7 thousand tons in 2019, a more than 35% increase from the previous year. This surge was driven by a government initiative to boost production of coconut derivatives, including oil, through expansion projects and technological upgrades aimed at the food, cosmetic, pharmaceutical, and agricultural sectors.

After the 2019 peak, the market entered a period of volatility. Volume fell to 10.5 thousand tons in 2020 and further to 10.0 thousand tons in 2021. A recovery to 11.3 thousand tons followed in 2022, but volume declined again to 9.9 thousand tons by 2023. The industry's established use of domestic raw materials provided a base, but no sustained production driver emerged to maintain the higher output levels.

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 Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Venezuela 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 Venezuela in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela 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 Venezuela in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela 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 Venezuela, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela 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 Venezuela in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela 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 Venezuela in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela 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 Venezuela, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela 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 Venezuela in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Venezuela 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 Venezuela in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Venezuela 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 Venezuela, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Venezuela 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 Venezuela in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Venezuela 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 Venezuela in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Venezuela 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 Venezuela, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Venezuela 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 Venezuela

In kind, 2017-2020, t

Between 2017 and 2020, Venezuela ranked as the 16th largest global producer of coconut oil and fractions.

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, Venezuela produced 10,456 tonnes of coconut oil and fractions, representing a 17.3% decrease from the previous year. Over the 2017-2020 period, production grew by 12.4%, which translates to an average annual increase of 4.0%. The highest production volume was recorded in 2019 at 12,650 tonnes, marking a significant 36.0% increase that year.

Annual dynamics of production in Venezuela in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	-	36.0%	(17.3%)	4.0%

Source: SHEV.io

Exports coconut oil and fractions from Venezuela

Exports in kind, kg

The export market for coconut oil and fractions showed considerable volatility during this period. Exports reached their peak in 2017 before dropping to their lowest point in 2018, with a 9.8-fold difference between these years. In 2020, Venezuela exported 237 kilograms of coconut oil and fractions, an 89.8% decline compared to the previous year.

Annual dynamics of product's exports from Venezuela in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(89.8%)	n/a	n/a	(4.7%)

Source: SHEV.io

From 2017 to 2020, Curacao was the exclusive destination for Venezuela's coconut oil and fractions exports, accounting for 100.0% of total export volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, $ US

Export values demonstrated notable volatility throughout the observed period. The market fluctuated 7.5 times between the high in 2020 and the low in 2018. In 2020, Venezuela's coconut oil and fractions exports were valued at 838 US dollars, representing an 80.0% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(80.0%)	n/a	n/a	14.5%

Source: SHEV.io

During 2017-2020, Venezuela's export market in value terms was highly concentrated, with Curacao accounting for 100.0% 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 Venezuela in value, 2017-2020

Source: SHEV.io

Imports coconut oil and fractions to Venezuela

Imports in kind, kg

Import volumes showed significant fluctuations during this period. Imports peaked in 2017 before falling to their lowest point in 2018, with a 10,000-fold difference between these years. In 2020, Venezuela imported approximately 7,023 kilograms of coconut oil and fractions, representing a complete cessation of imports compared to 2019.

Annual dynamics of product's imports to Venezuela in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(100.0%)	n/a	n/a	(29.4%)

Source: SHEV.io

Between 2017 and 2020, Aruba and Sri Lanka were the primary sources for Venezuela's coconut oil and fractions imports, together accounting for 99.8% of total import volumes.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, $ US

Import values exhibited substantial volatility during this period. The market fluctuated 1,713 times between the high in 2020 and the low in 2018. In 2020, Venezuela imported 23,935 US dollars worth of coconut oil and fractions, representing a 99.9% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.9%)	n/a	n/a	28.9%

Source: SHEV.io

Throughout 2017-2020, Sri Lanka and Aruba were the main sources for Venezuela's coconut oil and fractions imports in value terms, together accounting for 99.7% 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 Venezuela in value, 2017-2020

Source: SHEV.io