Refined Coconut Oil Market Overview in Finland
In value terms, refined coconut oil production dropped to $ in 2019 estimated in export prices. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of % against the previous year. Refined coconut oil production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
The revenue of the refined coconut oil market in Finland declined to $ in 2019, dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Refined coconut oil consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.