What is the price of coconut oil per kilogram/pound in Philippines today?
The retail price range for Philippines coconut oil is between US$ 1.67 and US$ 2.16 per kilogram or between US$ 0.76 and US$ 0.98 per pound(lb). Click here to see today's exact prices of coconut oil in Philippines
The retail price range in Philippine peso for coconut oil is between PHP 92.71 and PHP 119.98 per kilogram or between PHP 42.05 and PHP 54.41 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines coconut oil is between US$ 1.17 and US$ 1.51 per kilogram or between US$ 0.53 and US$ 0.68 per pound(lb).
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Philippines Coconut Oil Export Prices - Historical, Trends and Prediction
The export price of Coconut oil from Philippines over the last five years has been quite volatile. In 2017, the price was 1.40 US$ per kg, which was the highest in the last five years. In 2018, the price dropped to 1.11 US$ per kg, the lowest in the last five years. In 2019, the price further dropped to 0.76 US$ per kg. However, in 2020, the price increased to 0.91 US$ per kg and in 2021, the price further increased to 1.53 US$ per kg, the highest in the last five years. Based on the trend, it is predicted that the export price of Coconut oil from Philippines in 2023 will be around 1.45 US$ per kg and in 2024 will be around 1.37 US$ per kg.The the Philippines 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)
Philippines Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Philippines over the last five years has been relatively stable. In 2017, the price was $1.40, followed by a slight decrease to $1.11 in 2018. In 2019, the price dropped to $0.76, before increasing to $0.91 in 2020. The price then rose to $1.53 in 2021. Looking ahead, it is likely that the import price per kilogram of Coconut oil into Philippines will remain relatively stable in the next two years. We predict that the price will be $1.53 in 2023 and $1.54 in 2024.Export values for Philippines coconut oil
The total values in export for coconut oil in the Philippines were US$ 1,144,791, US$ 1,554,131, US$ 1,054,631 and US$ 869,185 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: 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.
Philippines coconut oil - Production, Exports, Imports, Seasons and HS Codes
The volume of coconut oil sold by the Philippines in 2020 was 849,141 tons. In 2019 The Philippines sold 1,150,804 tonnes of coconut oil. For 2019 alone, the demand for the Philippines coconut oil (processed category) has surged, changing by 20.615 % compared to the year 2018. Between 2017 and 2019, coconut oil's exports grew by 4.03 pc netting the exporter US$869.18m for the year 2019. the Philippiness' coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Philippines coconut oil export values
In 2019, the Philippines supplied coconut oil costing 869.18m USD, a drop of -17.58% from 2018's total coconut oil export of 1054.631m USD. The yearly change in value of the Philippines coconut oil between 2017 to 2018 was -32.14 percent.
The annual/yearly change in the volume of the Philippiness' coconut oil exports between 2017 and 2019 was 4.03 percent in comparison to a variation of 20.615% in the period between 2018 and 2019.
Export markets for Philippines coconut oil ( in '000$ )
the Philippiness' best performing destinations for coconut oil are US, the Netherlands, China, Malaysia and Japan.
the Philippines procured 263 tonnes of coconut oil in 2019.