What is the price of coconut oil per kilogram/pound in Australia today?
The retail price range for Australia coconut oil is between US$ 7.29 and US$ 17.25 per kilogram or between US$ 3.30 and US$ 7.83 per pound(lb). Click here to see today's exact prices of coconut oil in Australia
The retail price range in Australian Dollar for coconut oil is between AUD 10.96 and AUD 25.96 per kilogram or between AUD 4.97 and AUD 11.77 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia coconut oil is between US$ 5.10 and US$ 12.08 per kilogram or between US$ 2.31 and US$ 5.48 per pound(lb).
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Australia Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from Australia has seen a steady increase over the last five years. In 2017, the price was 5.40 US dollars per kg, followed by a slight dip to 3.98 US dollars per kg in 2018. However, the price has since recovered and in 2020, it was 5.47 US dollars per kg. The latest data shows that the price has dropped to 2.97 US dollars per kg in 2021. Based on the trend, it is likely that the export price per kilogram of Coconut oil from Australia will remain around the same level in 2023 and 2024, at around 2.30 US dollars per kg.The Australia coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
Australia Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Australia has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at $5.08, before dropping to $3.98 in 2018. Since then, the price has been on the rise, reaching $5.47 in 2019 and $3.39 in 2020. The most recent data shows that the price has dropped to $2.97 in 2021. Based on this trend, it is likely that the price of Coconut oil will continue to decrease in the next two years, with an estimated price of $2.29 in 2022 and $1.71 in 2023.Export values for Australia coconut oil
The total values in export for coconut oil in Australia were US$ 782, US$ 1,005, US$ 2,086 and US$ 1,844 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of coconut oil in other countries across Oceania: Fiji coconut oil, French Polynesia coconut oil, Guam coconut oil, Micronesia coconut oil, New Caledonia coconut oil, Papua New Guinea coconut oil, Samoa coconut oil, Solomon Islands coconut oil, Tonga coconut oil & Vanuatu coconut oil.
Australia coconut oil - Production, Exports, Imports, Seasons and HS Codes
The volume of coconut oil sold by Australia in 2020 was 446 metric tonnes. In 2019 Australia exported 337 tonnes of coconut oil. Through 2019 alone, the demand for Australia coconut oil (processed category) has reduced, flactuating by -35.687 pc compared to the year 2018. Between 2017 and 2019, coconut oil's exports grew by 81.18 pc earning the exporter US$1.84m for the year 2019. Australia's coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Australia coconut oil export values
In 2019, Australia shipped coconut oil with a value of 1.84m USD, a decrease of -11.79% from 2018's total coconut oil export of 2.086m USD. The yearly reduction in value of Australia coconut oil between 2017 to 2018 was 107.562 pc.
The annual/yearly variation in the quantity of Australia's coconut oil exports between 2017 and 2019 was 81.18 percent when compared to a variation of -35.687% in the growth rate between 2018 and 2019.
Australia's share of the world's total coconut oil's exports in 2019 was less than 1%. The country holds position 51 in world exports of coconut oil.
Export markets for Australia coconut oil ( in '000$ )
Australia's best performing export markets for coconut oil are China, US, France, New Zealand and Canada.
Import/Export Trends
Australia is a net importer of coconut oil. The annual growth of Australia coconut oil in value between 2015 to 2019 was -28%, per annum, while annual growth in quantity was -42%, per annum.
Australia purchased 11,862 tonnes of coconut oil in 2019.