Refined coconut oil and fractions market in Germany

Earlier Report Observations

Between 2018 and 2020, the market volume for refined coconut oil in Germany expanded from 68.2 thousand tons to 79.0 thousand tons. This initial growth was primarily fueled by food manufacturers, particularly in the ice cream sector, beginning to substitute palm oil with coconut oil, marketed for its perceived health benefits. Consumer preferences were simultaneously shifting toward plant-based oils, sustaining demand even as the COVID-19 pandemic temporarily disrupted production and distribution in 2020.

Market growth accelerated from 2021 onward, reaching 114.7 thousand tons by 2022. The heightened consumer interest in sustainable and organic products significantly boosted demand for virgin coconut oil. Concurrently, global supply chain disruptions and raw material price fluctuations contributed to rising costs and affected market value, which saw a sharp increase during this period.

By 2024, the market volume had risen further to 145.9 thousand tons, supported by continuously strengthening consumer preference for organic and sustainable options. New EU regulatory changes for cosmetics containing coconut oil and increased supply chain transparency requirements under the German Supply Chain Due Diligence Act began influencing industry practices, while global energy price shocks and geopolitical uncertainties added to production and transportation costs.

Production refined coconut oil and fractions in Germany

In value, 2017-2020, K $ US

After a two-year decline, Germany's production of refined coconut oil and fractions increased in 2020. The output was valued at 15 630 thousand US dollars, marking a modest year-over-year growth of 0.9%. However, looking at the broader period from 2017 to 2020, production fell by 42.6%, which translates to an average annual decrease of 16.9%. The lowest value was recorded in 2019 at 15 488 thousand US dollars, while the sharpest drop occurred in 2018 with a decline of 29.3%.

Annual dynamics of production in Germany in value, 2017-2020, K $ US

In kind, 2017-2020, t

Following a two-year rise, Germany's production of refined coconut oil and fractions declined in 2020. The volume produced was 30 367 tonnes, showing minimal change compared to the previous year. Over the 2017-2020 period, production increased by 15.2%, with a compound annual growth rate of 4.8%. The peak was reached in 2019 at 30 475 tonnes, which also saw the largest increase of 11.3%.

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

Exports refined coconut oil and fractions from Germany

Exports in kind, t

In 2020, Germany's exports of refined coconut oil and fractions totaled 12 310 tonnes, down by 26.6% from the previous year. From 2017 to 2020, exports decreased by 7.2%, averaging an annual decline of 2.5%. The lowest volume was recorded in 2018 at 11 742 tonnes, while the highest was in 2019 at 16 782 tonnes, which also experienced the largest increase of 42.9%.

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

Between 2017 and 2020, Poland, Belgium, and the Netherlands emerged as the primary markets for Germany's exports of refined coconut oil and fractions in volume terms. Poland accounted for 37.2% of exports, Belgium for 11.9%, and the Netherlands for 8.9%, collectively representing 57.9% of total export flows.

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

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

Exports in value, M $ US

In 2020, Germany's exports of refined coconut oil and fractions in value terms amounted to 20.5 million US dollars, reflecting a significant year-over-year drop of 18.8%. Over the 2017-2020 period, exports fell by 39.6%, with a compound annual decline rate of 15.5%. The largest decrease occurred in 2018 at 30.3%, while the biggest increase was in 2019 at 6.6%.

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

From 2017 to 2020, Poland, the Netherlands, and Belgium consistently served as the main destinations for Germany's exports of refined coconut oil and fractions in value terms. Poland held a 27.9% share, the Netherlands 11.9%, and Belgium 11.3%, together accounting for 51.1% of total export value.

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

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

Imports refined coconut oil and fractions to Germany

Imports in kind, t

Germany's imports of refined coconut oil and fractions in volume terms increased for the second consecutive year in 2020. The total import volume was 60 968 tonnes, up by 4.9% from 2019. Over the 2017-2020 period, imports grew by 15.5%, with a compound annual growth rate of 4.9%. The lowest volume was recorded in 2018 at 52 541 tonnes, which also saw the largest decline of 0.4%, while the largest increase occurred in 2019 at 10.6%.

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

Between 2017 and 2020, the Netherlands dominated Germany's imports of refined coconut oil and fractions in volume terms, accounting for 90.1% of total import flows.

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

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

Imports in value, M $ US

After a two-year decline, Germany's imports of refined coconut oil and fractions in value terms increased in 2020. The import value was approximately 71.1 million US dollars, showing a moderate improvement of 8.0% compared to 2019. However, from 2017 to 2020, imports decreased by 29.2%, averaging an annual decline of 10.9%. The lowest value was recorded in 2019 at 65.8 million US dollars, which also experienced the largest drop of 20.7%.

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

Throughout 2017-2020, the Netherlands concentrated 86.8% of Germany's total import value for refined coconut oil and fractions, with the remaining share distributed among various other countries, each with smaller individual contributions.

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

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