Ukraine: There has been a steady increase in imports of tropical oils

The needs of the Ukrainian market for refined coconut and palm oil are met through imports and domestic production. Imports of tropical oils have grown steadily and market size has expanded over the past five years (with volatility in 2020) driven by strong demand from the food industry. The decline in supplies in 2020 was largely due to lower demand during the COVID quarantine period, analysts say. Annual volumes of coconut oil supplies to Ukraine in 2018-2020 were relatively stable. In 2018, mainly crude oil was supplied, in 2019, mainly refined oil was imported. In 2020, the supply structure has leveled off. Fluctuations in the supply structure are associated with demand from domestic processors and consumers. The main suppliers of refined coconut oil are the countries of Southeast Asia, as well as the Netherlands, where Cargill's tropical oils processing facilities are located. The volumes of food ...