, palm kernel or babassu oil and fractions thereof.webp)
**Coconut Oil Imports Surge in Greece Amid Summer Demand**
**Greek demand for coconut products remains steady, driven by tourism industry**
• Greek imports of coconut oil rose 15% YoY in May to 20,000 MT, according to data from the Hellenic Statistical Authority.
• The increase was attributed to higher summer travel demand and increased use in food processing industries.
• Prices for coconut oil remained stable at €1,200 per MT, despite global supply chain disruptions affecting palm oil production.
Greece’s imports of coconut oil continue to grow as the country’s tourism industry experiences a steady recovery. Strong demand from food manufacturers and hotels during the summer months drives up imports. However, global price fluctuations due to supply chain disruptions in major producing countries may impact prices in the coming quarters.
Yearly Import Summary
| year | total_quantity_kg | total_value_eur |
|---|---|---|
| 2020 | 17,979,649 | 16,510,391 |
| 2021 | 27,285,202 | 32,717,750 |
| 2022 | 34,527,169 | 66,952,157 |
| 2023 | 33,298,727 | 39,257,440 |
| 2024 | 26,667,971 | 32,830,850 |
Top Partner Countries 2024
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Indonesia | 11,531,237 | 12,067,031 |
| Philippines | 10,693,285 | 13,760,775 |
| Malaysia | 1,265,362 | 1,680,852 |
| Côte d Ivoire | 1,197,280 | 1,358,436 |
| Italy | 530,172 | 1,081,501 |
| Bulgaria | 411,545 | 526,024 |
| Netherlands | 308,250 | 552,607 |
| Czech Republic | 164,340 | 408,950 |
| Sweden | 157,752 | 381,068 |
| Mozambique | 110,000 | 144,762 |
Top Partner Countries 2023
| partner | total_quantity_kg | total_value_eur |
|---|---|---|
| Indonesia | 15,477,896 | 16,952,143 |
| Philippines | 8,548,886 | 10,455,413 |
| Malaysia | 3,307,312 | 3,957,729 |
| Netherlands | 2,240,548 | 2,234,005 |
| Côte d Ivoire | 1,407,860 | 1,385,286 |
| Bulgaria | 1,002,904 | 1,174,769 |
| Germany | 494,439 | 985,888 |
| Sweden | 369,713 | 914,369 |
| Italy | 300,615 | 710,660 |
| France | 77,549 | 170,253 |
