What is the price of coconut oil per kilogram/pound in Indonesia today?
The retail price range for Indonesia coconut oil is between US$ 2.74 and US$ 3.72 per kilogram or between US$ 1.24 and US$ 1.69 per pound(lb). Click here to see today's exact prices of coconut oil in Indonesia
The retail price range in Rupiah for coconut oil is between IDR 45,710.00 and IDR 62,035.00 per kilogram or between IDR 20,730.16 and IDR 28,133.79 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia coconut oil is between US$ 1.92 and US$ 2.61 per kilogram or between US$ 0.87 and US$ 1.18 per pound(lb).
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Indonesia Coconut Oil Export Prices - Historical, Trends and Prediction
The export price of Coconut oil from Indonesia over the last five years has been quite volatile. In 2017, the price per kilogram was 1.60 US dollars, which was the highest in the period. This was followed by a sharp decline in 2018 to 1.07 US dollars. In 2019, the price dropped further to 0.73 US dollars, the lowest in the period. However, the price has been on the rise since then, reaching 0.94 US dollars in 2020 and 1.57 US dollars in 2021. The price in 2022 was 1.58 US dollars. Based on the trend, it is likely that the export price of Coconut oil from Indonesia will be around 1.60 US dollars in 2023 and 1.62 US dollars in 2024.The Indonesia 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)
Indonesia Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Indonesia has seen a fluctuating trend over the last five years. In 2016, the price was recorded at $1.36, which was the highest in the period. This was followed by a decrease in 2017 to $1.60, and then a further decrease in 2018 to $1.07. In 2019, the price dropped to its lowest point of $0.73, before increasing to $0.94 in 2020. The price then rose to $1.57 in 2021 and remained at the same level in 2022. Looking ahead, it is likely that the import price per kilogram of Coconut oil into Indonesia will remain relatively stable in the next two years. We predict that the price will be $1.58 in 2023 and $1.59 in 2024.Export values for Indonesia coconut oil
The total values in export for coconut oil in Indonesia were US$ 816,155, US$ 816,966, US$ 722,875 and US$ 443,266 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Indonesia: 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.
Indonesia coconut oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia exported 610,812 tonnes of coconut oil. In 2019 alone, the demand for Indonesia coconut oil (processed category) has shrunk, with a change of -9.546 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports increased by 19.66% earning the country US$443.27m for the year 2019. Indonesia's coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Indonesia coconut oil export values
In 2019, Indonesia sold coconut oil with a value of 443.27m USD, a decrease of -38.68% from 2018's total coconut oil export of 722.875m USD. The yearly reduction in value of Indonesia coconut oil between 2017 to 2018 was -11.517 pc.
The annual/yearly change in the amount of Indonesia's coconut oil exports between 2017 and 2019 was 19.66 percent in comparison to a variation of -9.546% in the period between 2018 and 2019.
Indonesia's share of the world's total coconut oil's exports in 2019 was 5.1%. Indonesia is ranked number 6 in world exports of coconut oil.
Export markets for Indonesia coconut oil ( in '000$ )
Indonesia's best performing destinations for coconut oil are China, Malaysia, US, the Netherlands and South Korea.
Import/Export Trends
Indonesia is a net exporter of coconut oil. The annual growth of Indonesia coconut oil in value between 2015 to 2019 was -49%, per annum, while annual growth in quantity through the same period was -48%, per annum.
Indonesia procured 34,909 tonnes of coconut oil in 2019.