Coconut oilcake market in Oceania

Earlier Report Observations

From 2018 to 2023, coconut oilcake production in Oceania rose steadily from 33,087 t to 47,546 t. This expansion was supported by technical and operational improvements in coconut oil extraction plants, which enhanced process efficiency and output capacity. Additionally, rising global demand for coconut oil and its by-products encouraged higher production volumes throughout the period.

The domestic market size for coconut oilcake experienced fluctuations, declining from 28,773 t in 2018 to a low of 23,277 t in 2022 before recovering to 28,064 t in 2023. These shifts were closely tied to export dynamics, where strong international demand drove exports upward until 2022, reducing domestic availability. The subsequent contraction in exports in 2023 redirected more supply to the local market, contributing to its recovery that year.

Coconut oilcake, a high-protein by-product used primarily as animal feed, saw its quality influenced by advancements in extraction and drying techniques. The industry's ongoing focus on value-added agro-processing and the operation of medium to large-scale extraction plants provided a stable foundation for the consistent growth in production observed over the six-year span.

Production coconut oilcake in Oceania

In kind, 2017-2020, t

Top producers of coconut oilcake, 2017-2020

World map of production of coconut oilcake, 2017-2020

Oceania's coconut oilcake production has grown for the third year in a row. In 2020, the region produced 42 865 tonnes, marking a significant 15.9% increase from 2019. Looking at the period from 2017 to 2020, production rose by 46.2%, which translates to an average annual growth rate of 13.5%.

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

Exports coconut oilcake from Oceania

Exports in kind, t

Coconut oilcake exports from Oceania have increased for the second consecutive year. In 2020, exports reached 17 865 tonnes, showing a notable 19.1% rise compared to 2019. Over the 2017-2020 period, exports decreased by 5.4%, averaging a 1.8% annual decline. The lowest export volume was recorded in 2018 at 8 944 tonnes, which saw the largest drop of 52.6%. In contrast, 2019 experienced the biggest increase at 67.7%.

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

From 2017 to 2020, the Philippines, India, and the United States were the key export partners for coconut oilcake from Oceania. The Philippines accounted for 29.1% of exports in kind, India for 15.5%, and the United States for 6.8%. Together, these three countries made up 51.4% of total export flows.

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

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

Exports in value, K $ US

The market showed noticeable fluctuations during this period. Exports peaked in 2017 and hit their lowest point in 2018, with a 3.2-fold difference between these years. In 2020, cross-border shipments of coconut oilcake from Oceania totaled 6 946 thousand US dollars, reflecting a slight 2.4% decline from 2019. The minimum value was recorded in 2018 at 4 463 thousand US dollars, which saw the largest decline of 69.0%. The largest increase occurred in 2019 at 59.5%.

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

Between 2017 and 2020, the Philippines, the United States, and India were the main buyers of coconut oilcake from Oceania in value terms. The Philippines accounted for 39.5% of exports in value, the United States for 12.1%, and India for 9.2%. Combined, these three countries comprised 60.7% of total export value.

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

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

Imports coconut oilcake to Oceania

Imports in kind, t

The market experienced noticeable fluctuations during this period. Import volumes varied 2.6 times, from a low in 2017 to a high in 2018. In 2020, coconut oilcake imports into Oceania totaled 2 676 tonnes, up 8.6% from the previous year. The maximum volume was recorded in 2018 at 4 630 tonnes, which saw the largest increase of 156.7%. The largest decline occurred in 2019 at 46.8%.

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

From 2017 to 2020, the Philippines, Vietnam, and Malaysia were among the largest suppliers of coconut oilcake to Oceania. The Philippines accounted for 19.9% of imports in kind, Vietnam for 1.9%, and Malaysia for 1.4%. Together, they represented just 23.2% of total imports, indicating a broadly diversified partner base.

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

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

Imports in value, K $ US

In 2020, coconut oilcake imports into Oceania totaled 2 235 thousand US dollars, showing a strong 14.8% gain over the previous year. Between 2017 and 2020, imports increased by 19.9%, averaging a 6.2% annual growth rate. The maximum value was recorded in 2018 at 3 117 thousand US dollars, which saw the largest increase of 67.2%. The largest decline occurred in 2019 at 37.5%.

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

From 2017 to 2020, the partner structure for imports in value terms was balanced rather than concentrated. The Philippines accounted for 21.7% of imports in value, Vietnam for 2.0%, and Sri Lanka for 1.8%. Together, these three countries represented 25.4% of total flows, with many other countries accounting for the remaining 74.6%.

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

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