Analysis and Studies - Products analysis
Coconut oil: an overview
March 12th 2024
Coconut oil is an edible oil derived from the kernels, meat and milk of the coconut palm fruit. Coconut oil is a white solid fat below around 25° C and a clear thin liquid oil in warmer climates. It is used as a food oil and in industrial applications for cosmetics and detergent production.
Due to its high levels of saturated fat, numerous health authorities recommend limiting its consumption as a food. The World Health Organization's Codex Alimentarius guidelines on food, food production, and food safety, published by the Food and Agriculture Organization, includes standards for commercial partners who produce coconut oil for human consumption.
The Asian and Pacific Coconut Community (APCC), whose 18 members produce about 90 per cent of the coconut sold commercially, has published its standards for virgin coconut oil (VCO), defining virgin coconut oil as obtained from fresh, mature coconut kernels through means that do not "lead to alteration of the oil." Moreover, Coconut oil is an important base ingredient for the manufacture of soap. Soap made with coconut oil tends to be hard, though it retains more water than soap made with other oils and thus increases manufacturer yields. It is more soluble in hard water and salt water than other soaps allowing it to lather more easily.
Coconut Oil are a part of Animal or vegetable fats, oils, & waxes. They include Coconut (copra) oil crude, Palm kernel & babassu oil, fractions, simply refined, Palm kernel or babassu oil, crude, and Coconut (copra) oil or fractions simply refined.
Coconut Oil were the world's 412th most traded product, with a total trade of $8.04B. Between 2020 and 2021 the exports of Coconut Oil grew by 53.5%, from $5.24B to $8.04B. Trade in Coconut Oil represent 0.038% of total world trade.
About Exports and Imports
In 2021 the top exporters of Coconut Oil were Indonesia ($3.01B), Philippines ($1.55B), Malaysia ($1.54B), Netherlands ($473M), and Thailand ($236M). In the same year the top importers of Coconut Oil were United States ($1.12B), Netherlands ($1.12B), China ($1.1B), Malaysia ($722M), and Germany ($572M).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/