Australia - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Price in Australia - 2023
Contents:
- Coconut Price in Australia (CIF) - 2023
- Coconut Price in Australia (FOB) - 2022
- Coconut Imports in Australia
- Coconut Exports in Australia
Coconut Price in Australia (CIF) - 2023
In July 2023, the average coconut import price amounted to $1,137 per ton, with an increase of 11% against the previous month. In general, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in April 2023 an increase of 15% month-to-month. Over the period under review, average import prices hit record highs at $1,571 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($2,919 per ton), while the price for Samoa ($837 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Tonga (+1.5%), while the prices for the other major suppliers experienced a decline.
Coconut Price in Australia (FOB) - 2022
In 2022, the average coconut export price amounted to $3,010 per ton, reducing by -11.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 270% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,807 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($4,235 per ton), while the average price for exports to New Zealand ($2,819 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.9%), while the prices for the other major destinations experienced a decline.
Coconut Imports in Australia
In 2022, the amount of coconuts imported into Australia expanded sharply to 5.6K tons, growing by 7.1% against 2021. Overall, imports, however, recorded a drastic downturn.
In value terms, coconut imports rose rapidly to $8.3M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Coconut in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.0 | 3.5 | 4.6 | 5.0 | 7.7% |
| Sri Lanka | 0.2 | 0.6 | 1.1 | 1.0 | 71.0% |
| Vietnam | 0.8 | 0.7 | 0.7 | 0.9 | 4.0% |
| India | 0.5 | 0.4 | 0.4 | 0.7 | 11.9% |
| Samoa | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Tonga | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 6.3 | 6.0 | 7.6 | 8.3 | 9.6% |
Top Suppliers of Coconut to Australia in 2022:
- Thailand (3524.0 tons)
- Vietnam (725.5 tons)
- Samoa (590.7 tons)
- Sri Lanka (320.2 tons)
- India (207.6 tons)
- Tonga (196.6 tons)
Coconut Exports in Australia
In 2022, shipments abroad of coconuts decreased by -15% to 149 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year.
In value terms, coconut exports contracted remarkably to $447K in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 244%.
| Export of Coconut in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 32.6 | 262 | 333 | 312 | 112.3% |
| Japan | N/A | N/A | 240 | 82.1 | -65.8% |
| New Caledonia | N/A | 0.4 | 1.9 | 38.7 | 883.6% |
| Hong Kong SAR | 5.2 | 27.3 | 15.6 | 0.9 | -44.3% |
| Philippines | 35.4 | N/A | N/A | N/A | 0% |
| Others | 12.6 | 5.2 | 1.1 | 13.7 | 2.8% |
| Total | 85.8 | 295 | 591 | 447 | 73.4% |
Top Export Markets for Coconut from Australia in 2022:
- New Zealand (110.6 tons)
- Japan (27.6 tons)
- New Caledonia (9.1 tons)
- Hong Kong SAR (0.2 tons)
This report provides an in-depth analysis of the coconut market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 249 - Coconuts
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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