Refined coconut oil and fractions market in Sweden

Earlier Report Observations

From 2018 to 2024, Sweden's refined coconut oil market showed variable trade flows. Imports rose from 3 012 t in 2018 to a high of 4 992 t in 2021, then contracted to 3 636 t in 2022 before increasing again to 3 940 t in 2024. Exports expanded sharply until 2020, reaching 9 702 t, but fell in 2021 and remained around 6 000 t thereafter. Domestic production, reported from 2020 onward, declined from 10 737 t to 6 513 t in 2022.

The available market size data indicates growth in physical terms from 5 086 t in 2020 to 6 395 t in 2021, followed by a drop to 4 223 t in 2022. In value, the market increased from $7.5 million to $10.4 million over the same two years and stabilized at $10.2 million in 2022. By 2024, Swedish consumer preferences had shifted toward cold-pressed, unrefined, and organic coconut oil for health and skincare uses, supported by organic production rules and labeling requirements that influence product offerings and market access.

Production refined coconut oil and fractions in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, t

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

Exports refined coconut oil and fractions from Sweden

Exports in kind, t

Sweden's exports of refined coconut oil and fractions have grown for the second year in a row. In 2020, the country exported 9 702 tonnes, representing a 15.3% increase compared to 2019. Looking at the period from 2017 to 2020, exports rose by 6.3%, with an average annual growth rate of 2.0%. The lowest export volume was recorded in 2018 at 5 587 tonnes, which marked a significant decline of 38.8% from the previous year. In contrast, 2019 saw the largest increase, with exports jumping by 50.6%.

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

From 2017 to 2020, the Netherlands, Greece, and Norway were the primary destinations for Sweden's refined coconut oil and fractions exports in terms of volume. The Netherlands accounted for 51.7% of exports, Greece for 13.0%, and Norway for 5.2%. Together, these three countries represented 69.9% of Sweden's total export volume during this period.

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

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

Exports in value, K $ US

Sweden's refined coconut oil and fractions exports have increased in value for the second consecutive year. In 2020, export revenues reached 15 070 thousand US dollars, up by 30.6% from 2019. However, over the broader period from 2017 to 2020, export values declined by 27.7%, with an average annual decrease of 10.3%. The lowest value was recorded in 2018 at 10 715 thousand US dollars, which represented a sharp drop of 48.6% from the previous year.

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

In terms of value, the Netherlands, Greece, and Germany were the leading destinations for Sweden's refined coconut oil and fractions exports from 2017 to 2020. The Netherlands contributed 48.1% of the export value, Greece 11.2%, and Germany 5.7%. Combined, these three countries made up 65.0% of Sweden's total export value during this timeframe.

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

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

Imports refined coconut oil and fractions to Sweden

Imports in kind, t

Sweden's imports of refined coconut oil and fractions have grown in volume for the second year in a row. In 2020, imports totaled 4 051 tonnes, an 18.0% increase compared to 2019. Over the period from 2017 to 2020, import volumes rose by 18.5%, with an average annual growth rate of 5.8%. The lowest import volume was recorded in 2018 at 3 012 tonnes, which saw a decline of 11.9% from the previous year.

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

From 2017 to 2020, Germany, the Netherlands, and Denmark were the key sources for Sweden's refined coconut oil and fractions imports in terms of volume. Together, these three countries accounted for 85.9% of Sweden's total import volume during this period.

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

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

Imports in value, K $ US

After two years of decline, Sweden's refined coconut oil and fractions imports have rebounded in value. In 2020, import costs amounted to 5 778 thousand US dollars, showing a modest increase of 7.6% from 2019. However, over the period from 2017 to 2020, import values decreased by 29.4%, with an average annual decline of 11.0%. The lowest value was recorded in 2019 at 5 369 thousand US dollars, which marked a significant drop of 20.7% from the previous year.

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

In value terms, Germany, the Netherlands, and Sri Lanka were the main sources for Sweden's refined coconut oil and fractions imports from 2017 to 2020. Germany accounted for 39.7% of the import value, the Netherlands for 23.7%, and Sri Lanka for 17.9%. Together, these three countries comprised 81.4% of Sweden's total import value during this timeframe.

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

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