What is the price of coconut oil per kilogram/pound in Singapore today?
The retail price range for Singapore coconut oil is between US$ 8.10 and US$ 10.73 per kilogram or between US$ 3.67 and US$ 4.87 per pound(lb). Click here to see today's exact prices of coconut oil in Singapore
The retail price range in Singapore Dollar for coconut oil is between SGD 10.90 and SGD 14.43 per kilogram or between SGD 4.94 and SGD 6.54 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore coconut oil is between US$ 5.67 and US$ 7.51 per kilogram or between US$ 2.57 and US$ 3.41 per pound(lb).
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Singapore Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from Singapore has seen a steady increase over the last five years. In 2016, the price was 2.09 US dollars per kg, and by 2021, it had risen to 2.53 US dollars per kg. This represents an increase of 21.2% over the five-year period. Looking ahead, we can expect the price of Coconut oil to continue to rise, with an estimated price of 2.75 US dollars per kg in 2023 and 2.98 US dollars per kg in 2024.The coconut oil exports from Singapore 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)
Singapore Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Singapore has seen a steady increase over the past five years. In 2016, the price was 2.09 US dollars per kg, and by 2021, it had risen to 2.53 US dollars per kg. This represents an increase of 21.2% over the five-year period. The highest price was recorded in 2018, when it reached 4.75 US dollars per kg. This was followed by a slight decrease in 2019, when the price dropped to 4.99 US dollars per kg. However, the price has since recovered and is currently at 2.53 US dollars per kg. Based on this trend, it is likely that the price of Coconut oil will continue to increase in the coming years. We can predict that the price in 2023 will be around 2.80 US dollars per kg, and in 2024, it will be around 3.10 US dollars per kg.Export values for Singapore coconut oil
The total values in export for coconut oil in Singapore were US$ 6,455, US$ 13,911, US$ 22,441 and US$ 26,242 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: 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.
Singapore coconut oil - Production, Exports, Imports, Seasons and HS Codes
The volume of coconut oil exported by Singapore in 2020 was 2,090 tons. In 2019 Singapore shipped 5,264 tonnes of coconut oil. For the year 2019 alone, the demand for Singapore coconut oil (processed category) has gone up, flactuating by 11.384 pc compared to the year 2018. Between 2017 and 2019, coconut oil's exports went up by 37.44 percent earning the nation US$26.24m for the year 2019. Singapore's coconut oil exports are classified as:
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
- Crude coconut oil (HS code 151311)
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Singapore coconut oil export values
In 2019, Singapore shipped coconut oil costing 26.24m USD, an increase of 16.93% from 2018's total coconut oil export of 22.441m USD. The annual increase in value of Singapore coconut oil between 2017 to 2018 was 61.318 percent.
The annual variation in the amount of Singapore's coconut oil exports between 2017 and 2019 was 37.44 pc compared to a variation of 11.384% in the period between 2018 and 2019.
Singapore's share of the world's total coconut oil's exports in 2019 was less than 1%. The country holds position 42 in world exports of coconut oil.
Export markets for Singapore coconut oil ( in '000$ )
Singapore's top destinations for coconut oil are US, Pakistan, Canada, Yemen and Ireland.
Import/Export Trends
Singapore is a net importer of coconut oil. The annual growth of Singapore coconut oil in value between 2015 to 2019 was 11%, per year, while annual growth in quantity for the same period was -1%, per annum.
Singapore ordered 37,302 tonnes of coconut oil in 2019.