What is the price of coconut oil per kilogram/pound in China today?
The retail price range for China coconut oil is between US$ 7.39 and US$ 9.36 per kilogram or between US$ 3.35 and US$ 4.25 per pound(lb). Click here to see today's exact prices of coconut oil in China
The retail price range in Yuan Renminbi for coconut oil is between CNY 51.84 and CNY 65.67 per kilogram or between CNY 23.51 and CNY 29.78 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China coconut oil is between US$ 5.17 and US$ 6.55 per kilogram or between US$ 2.35 and US$ 2.97 per pound(lb).
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China Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from China over the last five years has seen a significant decrease. In 2017, the price was 3.23 US dollars per kg, followed by a sharp drop to 1.52 US dollars per kg in 2018. The price then increased slightly to 2.62 US dollars per kg in 2019, before dropping again to 1.52 US dollars per kg in 2020. The price has since increased to 1.78 US dollars per kg in 2021 and 2.03 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Coconut oil from China will be 2.28 US dollars per kg in 2023 and 2.53 US dollars per kg in 2024.The exports of coconut oil from China 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)
China Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into China has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at $2.73, before dropping to $1.52 in 2018. Since then, the price has been on the rise, reaching $2.03 in 2022. Looking ahead, it is likely that the import price of Coconut oil into China will continue to increase. Predicted prices for 2023 and 2024 are $2.28 and $2.53 respectively.Export values for China coconut oil
The total values in export for coconut oil in China were US$ 350, US$ 478, US$ 176 and US$ 105 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of coconut oil in other countries across Asia: Kazakhstan coconut oil, Kyrgyzstan coconut oil, Tajikistan coconut oil, Turkmenistan coconut oil, Uzbekistan coconut oil, China coconut oil, Hong Kong coconut oil, Macao coconut oil, North Korea coconut oil & Mongolia coconut oil.
China coconut oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 40 tonnes of coconut oil. Through 2019 alone, the market for China coconut oil (processed category) has shrunk, with a change of -65.517 pc compared to the year 2018. Between 2017 and 2019, coconut oil's exports went down by -72.97 pc earning the nation US$0.10m for the year 2019. China's coconut oil exports are categorised as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
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China coconut oil export values
In 2019, China supplied coconut oil costing 0.10m USD, a drop of -43.18% from 2018's total coconut oil export of 0.176m USD. The yearly change in value of China coconut oil between 2017 to 2018 was -63.18 percent.
The annual change in the amount of China's coconut oil exports between 2017 and 2019 was -72.97 per cent compared to a variation of -65.517% in the period between 2018 and 2019.
China's portion of the world's total coconut oil's exports in 2019 was 7.3 per cent. The country is ranked number 4 in world exports of coconut oil.
Export markets for China coconut oil ( in '000$ )
China's top destinations for coconut oil are Mongolia, Ecuador, Hong Kong, Canada and Chile.
Import/Export Trends
China is a net importer of coconut oil. The annual growth of China coconut oil in value between 2015 to 2019 was -9%, per year, while annual growth in quantity was 15%, per annum.
China purchased 172,331 tonnes of coconut oil in 2019.