What is the price of coconut oil per kilogram/pound in Vietnam today?
The retail price range for Vietnam coconut oil is between US$ 8.31 and US$ 11.24 per kilogram or between US$ 3.77 and US$ 5.10 per pound(lb). Click here to see today's exact prices of coconut oil in Vietnam
The retail price range in Dong for coconut oil is between VND 207,697.50 and VND 281,002.50 per kilogram or between VND 94,193.88 and VND 127,438.78 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam coconut oil is between US$ 5.82 and US$ 7.87 per kilogram or between US$ 2.64 and US$ 3.57 per pound(lb).
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Vietnam Coconut Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Coconut oil from Vietnam has seen a significant decrease over the last five years. In 2013, the price was 28.05 US dollars per kg, but by 2020, it had dropped to 1.98 US dollars per kg. This represents a 93% decrease in price. The lowest price was recorded in 2019, when the price was 1.28 US dollars per kg. Since then, the price has increased slightly, but it is still significantly lower than it was in 2013. Based on this data, it is likely that the export price per kilogram of Coconut oil from Vietnam will remain relatively low in the next few years. We can predict that the price in 2023 will be around 1.90 US dollars per kg, and in 2024 it will be around 1.95 US dollars per kg.Vietnam Coconut Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Coconut oil into Vietnam has seen a significant decrease over the past five years. In 2013, the price was 28.05 US dollars per kg, but by 2020, it had dropped to 1.98 US dollars per kg. This represents a 93% decrease in price over the past seven years. The lowest price was recorded in 2019, when the price was 1.28 US dollars per kg. This was followed by a slight increase in 2020, when the price rose to 1.98 US dollars per kg. Based on this trend, it is likely that the price of Coconut oil in Vietnam will continue to increase in the coming years. We can predict that the price of Coconut oil in Vietnam in 2023 will be around 2.50 US dollars per kg, and in 2024 it will be around 2.75 US dollars per kg.Export values for Vietnam coconut oil
The total values in export for coconut oil in Vietnam were US$ 34,488, US$ 24,943, US$ 30,759 and US$ 21,092 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: 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.
Vietnam coconut oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam exported 16,527 tonnes of coconut oil. For the year 2019 alone, the demand for Vietnam coconut oil (processed category) has improved, flactuating by 19.9 pc compared to the year 2018. Between 2017 and 2019, coconut oil's exports went up by 59.88% netting Vietnam US$21.09m for the year 2019. Vietnam's coconut oil exports are classified as:
- Crude coconut oil (HS code 151311)
- Coconut oil and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151319)
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Vietnam coconut oil export values
In 2019, Vietnam sold coconut oil with a value of 21.09m USD, a reduction of -31.43% from 2018's total coconut oil export of 30.759m USD. The yearly reduction in value of Vietnam coconut oil between 2017 to 2018 was 23.317 per cent.
The annual change in the quantity of Vietnam's coconut oil exports between 2017 and 2019 was 59.88 percent in comparison to a variation of 19.9% in the period between 2018 and 2019.
Vietnam's portion of the world's total coconut oil's exports in 2019 was 1.1 percent. The country holds number 19 in world exports of coconut oil.
Export markets for Vietnam coconut oil ( in '000$ )
Import/Export Trends
Vietnam is a net exporter of coconut oil. The annual growth of Vietnam coconut oil in value between 2015 to 2019 was 8%, per year, while annual growth in quantity for the same period was 9%, per annum.
Vietnam brought in 4,623 tonnes of coconut oil in 2019.