What is the price of coconut oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand coconut oil is between US$ 11.55 and US$ 22.09 per kilogram or between US$ 5.24 and US$ 10.02 per pound(lb). Click here to see today's exact prices of coconut oil in New Zealand
The retail price range in New Zealand Dollar for coconut oil is between NZD 18.37 and NZD 35.15 per kilogram or between NZD 8.33 and NZD 15.94 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand coconut oil is between US$ 8.08 and US$ 15.47 per kilogram or between US$ 3.67 and US$ 7.01 per pound(lb).
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New Zealand Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from New Zealand over the last five years has been quite volatile. In 2017, the price was 8.55 US $ per kg, followed by a decrease to 7.46 US $ per kg in 2018. In 2019, the price rose to 4.06 US $ per kg, and then increased further to 4.52 US $ per kg in 2020. The price then dropped to 3.73 US $ per kg in 2021, and further to 3.22 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Coconut oil from New Zealand in 2023 will be around 3.00 US $ per kg, and in 2024 will be around 2.80 US $ per kg.The exports of coconut oil from New Zealand 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)
New Zealand Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into New Zealand over the last five years has been quite varied. In 2017, the price was 8.55 US dollars per kg, followed by a decrease to 7.46 US dollars per kg in 2018. In 2019, the price rose to 4.06 US dollars per kg, before increasing again to 4.52 US dollars per kg in 2020. The price then dropped to 3.73 US dollars per kg in 2021, before decreasing further to 3.22 US dollars per kg in 2022. Based on this data, it is likely that the import price per kilogram of Coconut oil into New Zealand will remain relatively stable in the next two years, with an estimated price of 3.22 US dollars per kg in 2023 and 3.23 US dollars per kg in 2024.Export values for New Zealand coconut oil
The total values in export for coconut oil in New Zealand were US$ 152, US$ 667, US$ 1,365 and US$ 410 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: 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.
New Zealand coconut oil - Production, Exports, Imports, Seasons and HS Codes
The amount of coconut oil shipped by New Zealand in 2020 was 147 metric tons. In 2019 New Zealand sold 101 tonnes of coconut oil. For the year 2019 alone, the interest in New Zealand coconut oil (processed category) has gone down, changing by -44.809 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports grew by 29.49 percent netting the nation US$0.41m for the year 2019. New Zealand's coconut oil exports are categorised as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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New Zealand coconut oil export values
In 2019, New Zealand shipped coconut oil with a value of 0.41m USD, a reduction of -69.96% from 2018's total coconut oil export of 1.365m USD. The yearly change in value of New Zealand coconut oil between 2017 to 2018 was 104.648%.
The annual change in the quantity of New Zealand's coconut oil exports between 2017 and 2019 was 29.49 percent when compared to a variation of -44.809% in the growth rate between 2018 and 2019.
New Zealand's portion of the world's total coconut oil's exports in 2019 was 14.7%. The country is ranked position 1 in world exports of coconut oil.
Export markets for New Zealand coconut oil ( in '000$ )
New Zealand's best performing destinations for coconut oil are Australia, US, French Polynesia, Malaysia and Samoa.
Import/Export Trends
New Zealand is a net exporter of coconut oil. The annual growth of New Zealand coconut oil in value between 2015 to 2019 was 31%, per annum, while annual growth in quantity during the same period was 16%, per annum.
New Zealand purchased 8,550 tonnes of coconut oil in 2019.