Market research

Coconut, palm kernel or babassu oil and fractions market in Sub-Saharan Africa

$Coconut, palm kernel or babassu oil and fractions market in Sub-Saharan Africa$

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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"Sub-Saharan Africa" region includes following countries:

Cabo Verde

Benin

Gambia

Ghana

Guinea

Côte d'Ivoire

Liberia

Mali

Mauritania

Niger

Nigeria

Guinea-Bissau

Saint Helena, Ascension and Tristan da Cunha

Senegal

Sierra Leone

Togo

Burkina Faso

British Indian Ocean Territory

Burundi

Comoros

Mayotte

Ethiopia

Eritrea

French Southern Territories

Djibouti

Kenya

Madagascar

Malawi

Mauritius

Mozambique

Reunion

Rwanda

Seychelles

Somalia

Zimbabwe

South Sudan

Uganda

Tanzania

Zambia

Angola

Cameroon

Central African Republic

Chad

Congo

Democratic Republic of the Congo

Equatorial Guinea

Gabon

Sao Tome and Principe

Botswana

Lesotho

Namibia

South Africa

Eswatini

Earlier Report Observations

Production of coconut, palm kernel, and babassu oil in Sub-Saharan Africa grew from 446.5 thousand tons in 2018 to 523.8 thousand tons in 2023, while the market volume increased from 486.5 thousand tons to 553 thousand tons over the same period. A sharp 68% rise in import prices in 2021 made domestically produced oil more cost-competitive, which encouraged local output and contributed to the market's expansion.

Regional trade flows remained active, with South Africa exporting to Zimbabwe and other neighbors, and Ghana supplying markets including Nigeria and Senegal. Nigeria solidified its role as a key producer, representing 38% of Africa's palm kernel oil production by 2024, underscoring the influence of major national markets on regional supply.

By 2024, technological advancements in processing and extraction methods were improving efficiency in the sector. At the same time, growing consumer preference for ethically sourced and environmentally sustainable products began to influence production and marketing strategies across the region.

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 Sub-Saharan Africa
  1. 5.1.1. Annual dynamics of production in Sub-Saharan Africa 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 Cabo Verde in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cabo Verde 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, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cabo Verde 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 Cabo Verde, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cabo Verde 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 Cabo Verde in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cabo Verde 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, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cabo Verde 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 Cabo Verde, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cabo Verde 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 Cabo Verde in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cabo Verde 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, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cabo Verde 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 Cabo Verde, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cabo Verde 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 Cabo Verde in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cabo Verde 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, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cabo Verde 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 Cabo Verde, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cabo Verde 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, 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, palm kernel or babassu oil and fractions in Sub-Saharan Africa

In kind, 2017-2020, K t

Top producers of coconut, palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

World map of production of coconut, palm kernel or babassu oil and fractions, 2017-2020

Source: SHEV.io

Following two years of growth, production of coconut, palm kernel, or babassu oil and fractions in Sub-Saharan Africa experienced a decline. In 2020, output reached 465.5 K t, remaining largely stable compared to 2019. Over the 2017-2020 period, production increased by 7.4%, with a compound annual growth rate (CAGR) of 2.4%. The peak was recorded in 2019 at 466.2 K t, which also saw the largest annual increase of 4.4%.

Annual dynamics of production in Sub-Saharan Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.0%	4.4%	(0.2%)	2.4%

Source: SHEV.io

In value, 2017-2020, M $ US

After two years of decline, the production value of coconut, palm kernel, or babassu oil and fractions in Sub-Saharan Africa rebounded. In 2020, output was valued at 463.4 M $ US, marking a moderate increase of 6.8% compared to 2019. Between 2017 and 2020, however, production value decreased by 17.7%, equivalent to an annualized decline of 6.3%. The lowest value was recorded in 2019 at 433.9 M $ US, while the sharpest drop occurred in 2018 with a 19.2% decrease.

Annual dynamics of production in Sub-Saharan Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(19.2%)	(4.6%)	6.8%	(6.3%)

Source: SHEV.io

Exports coconut, palm kernel or babassu oil and fractions from Sub-Saharan Africa

Exports in kind, t

Exports of coconut, palm kernel, or babassu oil and fractions from Sub-Saharan Africa fell for the second consecutive year. In 2020, exports totaled 30 383 t, reflecting a gradual decline of 3.1% compared to 2019. Over the 2017-2020 period, exports decreased by 9.3%, with an annualized rate of 3.2%. The highest volume was recorded in 2018 at 39 468 t, which also saw the largest increase of 17.8%. In contrast, the most significant decline occurred in 2019 with a 20.6% drop.

Annual dynamics of product's exports from Sub-Saharan Africa in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.8%	(20.6%)	(3.1%)	(3.2%)

Source: SHEV.io

From 2017 to 2020, exports in kind were distributed across a diverse range of partner countries. The Netherlands (24.3% of exports), Italy (12.2%), and Spain (10.3%) were the top destinations, but together they accounted for just 46.7% of total flows.

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

Source: SHEV.io

World map of product's exports from Sub-Saharan Africa in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Following two years of decline, the export value of coconut, palm kernel, or babassu oil and fractions from Sub-Saharan Africa increased. In 2020, exports amounted to 30 245 K $ US, showing a measured year-on-year uptick of 3.6%. However, over the 2017-2020 period, export value decreased by 30.4%, with an annualized decline of 11.4%. The lowest value was recorded in 2019 at 29 183 K $ US, which also experienced the largest drop of 27.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.5%)	(27.4%)	3.6%	(11.4%)

Source: SHEV.io

During 2017-2020, coconut, palm kernel, or babassu oil and fractions from Sub-Saharan Africa were supplied to numerous markets. Even the largest destinations—the Netherlands, Italy, and Spain—collectively represented only 46.4% of total exports in value terms.

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

Source: SHEV.io

World map of product's exports from Sub-Saharan Africa in value, 2017-2020

Source: SHEV.io

Imports coconut, palm kernel or babassu oil and fractions to Sub-Saharan Africa

Imports in kind, t

Imports of coconut, palm kernel, or babassu oil and fractions into Sub-Saharan Africa declined for the second year in a row. In 2020, imports totaled 65 264 t, down by 6.0% compared to 2019. Over the 2017-2020 period, imports decreased by 3.2%, with a compound annual growth rate (CAGR) of -1.1%. The peak volume was recorded in 2018 at 79 438 t, which also saw the largest increase of 17.8%. The most significant decline occurred in 2019 with a 12.6% drop.

Annual dynamics of product's imports to Sub-Saharan Africa in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	17.8%	(12.6%)	(6.0%)	(1.1%)

Source: SHEV.io

From 2017 to 2020, Indonesia and Malaysia dominated imports in kind, together accounting for 86.4% of the total. Other countries contributed to a diversified but less significant portion of imports.

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

Source: SHEV.io

World map of product's imports to Sub-Saharan Africa in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After two years of decline, import value of coconut, palm kernel, or babassu oil and fractions into Sub-Saharan Africa rose. In 2020, imports reached 57 424 K $ US, up by 3.7% relative to the prior year. However, between 2017 and 2020, import value decreased by 33.5%, with an annualized decline of 12.7%. The lowest value was recorded in 2019 at 55 366 K $ US, which also saw the sharpest drop of 30.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.7%)	(30.5%)	3.7%	(12.7%)

Source: SHEV.io

Throughout 2017-2020, Indonesia and Malaysia remained the primary suppliers of coconut, palm kernel, or babassu oil and fractions to Sub-Saharan Africa, holding a combined share of 86.4% of total imports in value terms. Other countries accounted for the remainder.

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

Source: SHEV.io

World map of product's imports to Sub-Saharan Africa in value, 2017-2020

Source: SHEV.io