The import of Coconut (Copra) Oil or its fractions simply refined to Argentina exhibited fluctuations from 2013-2023, characterized by alternating periods of growth and decline. In 2023, the import stood at 4.2569 million kilograms, reflecting a modest year-on-year increase of 1.47% from 2022. When examining the past five years, the compound annual growth rate (CAGR) was 1.59%, indicating a steady albeit slow growth pattern. Forecasts from 2024 to 2028 suggest a consistent upward trend with a CAGR of 1.15%, projecting the import volume to reach 4.5799 million kilograms by 2028.
Future trends to watch for include:
- Shifts in global coconut oil supply and demand dynamics.
- Changes in trade policies and tariffs between Argentina and coconut oil-exporting countries.
- Consumer preference trends towards organic and sustainable products.
- Global economic factors that could impact import capabilities and costs.