Copra market in Indonesia

Earlier Report Observations

Between 2018 and 2020, Indonesia's copra market volume was shaped by international trade dynamics. A surge in export demand from China and Europe drove market growth to 1 725 thousand tons in 2019, stimulating domestic production. The following year, the market contracted to 1 645 thousand tons as the COVID-19 pandemic disrupted global logistics chains, while an oversupply domestically and falling international demand pressured prices and volumes.

From 2021 to 2023, regulatory shifts and evolving demand influenced the market. Stabilization around 1 641 thousand tons in 2021 occurred amidst fluctuating prices, with declining pre-Lunar New Year demand from China offset by growing industrial use of crude coconut oil (CCO) in cosmetics and food. Market volume then rose to 1 766 thousand tons in 2022, supported by revised export regulations under Trade Minister Regulation No. 08/2022, which adjusted tariffs and procedures, alongside weather conditions that boosted local supply. By 2023, the market decreased to 1 671 thousand tons as post-pandemic recovery fueled export volumes, while a national policy promoting CCO for B30 biodiesel blend began enhancing the product's value addition.

Production copra in Indonesia

In kind, 2018-2021, K t

From 2018 to 2021, Indonesia held the top position globally in copra production.

Top producers of copra, 2018-2021

World map of production of copra, 2018-2021

Indonesia's copra production declined for the second year in a row. In 2021, production reached 1,678 thousand tonnes, showing only a slight change from the previous year. Over the 2018-2021 period, production decreased by 2.7%, with an average annual growth rate of 0.9%. The highest production level was recorded in 2019 at 1,769 thousand tonnes, which saw the largest increase of 2.6%. The largest decline occurred in 2020, with a drop of 4.7%.

Annual dynamics of production in Indonesia in kind, 2018-2021, K t

Exports copra from Indonesia

Exports in kind, t

Indonesia's copra export volume fell for the second consecutive year. In 2021, exports totaled 39,192 tonnes, marking a moderate decline of 5.7% from the previous year. Between 2018 and 2021, exports decreased by 5.3%, equivalent to an annualized rate of 1.8%. The peak export volume was in 2019 at 43,767 tonnes, which also experienced the largest increase of 5.7%.

Annual dynamics of product's exports from Indonesia in kind, 2018-2021, t

During 2018-2021, Bangladesh and India were the dominant destinations for Indonesia's copra exports in volume terms. Bangladesh accounted for 52.0% of total flows, while India made up 30.2%, together representing 82.2% of all exports. Other partners contributed the remaining share.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Indonesia in kind, 2018-2021

Exports in value, K $ US

Indonesia's copra export value rose for the second year in a row. In 2021, exports reached 43,146 thousand US dollars, an increase of 18.1% from the year before. Over the 2018-2021 period, export value grew by 13.9%, with an average annual growth rate of 4.4%. The lowest value was recorded in 2019 at 29,525 thousand US dollars, which saw the largest decline of 22.1%. The largest increase occurred in 2020, with a rise of 23.8%.

Annual dynamics of product's exports from Indonesia in value, 2018-2021, K $ US

From 2018 to 2021, Bangladesh and India remained the key markets for Indonesia's copra exports in value terms, jointly accounting for 85.1% of total flows. Other partners individually played a much smaller role.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Indonesia in value, 2018-2021

Imports copra to Indonesia

Imports in kind, t

The market showed an unstable trend over this period. Imports reached their lowest point in 2019 at 108 tonnes and peaked in 2021 at 1,780 tonnes, representing a 16-fold difference. In 2021, Indonesia's copra imports surged by 92.3% compared to 2020. The largest decline was in 2019, with a drop of 72.7%, while the largest increase occurred in 2020, with a rise of 754.7%.

Annual dynamics of product's imports to Indonesia in kind, 2018-2021, t

Between 2018 and 2021, Timor-Leste was the primary source for Indonesia's copra imports in volume terms, consistently making up 91.1% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Indonesia in kind, 2018-2021

Imports in value, K $ US

Market behavior was volatile during these years. Imports hit their lowest point in 2019 at 31 thousand US dollars and reached their maximum in 2021 at 474 thousand US dollars, a 15-fold difference. In 2021, Indonesia's copra import value increased by 36.2% from the previous year. The largest decline was in 2019, with a drop of 77.2%, while the largest increase was in 2020, with a rise of 1,017.7%.

Annual dynamics of product's imports to Indonesia in value, 2018-2021, K $ US

From 2018 to 2021, Timor-Leste and Papua New Guinea were the main sources for Indonesia's copra imports in value terms, together accounting for 96.8% of total flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Indonesia in value, 2018-2021