Portugal - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Price in Portugal - 2023
Contents:
- Coconut Price in Portugal (CIF) - 2023
- Coconut Price in Portugal (FOB) - 2022
- Coconut Imports in Portugal
- Coconut Exports in Portugal
Coconut Price in Portugal (CIF) - 2023
In June 2023, the average coconut import price amounted to $2,656 per ton, approximately reflecting the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 20% m-o-m. As a result, import price attained the peak level of $2,820 per ton. From April 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($5,087 per ton), while the price for Brazil ($1,619 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Coconut Price in Portugal (FOB) - 2022
The average coconut export price stood at $3,349 per ton in 2022, dropping by -5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17%. The export price peaked at $3,933 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,227 per ton), while the average price for exports to Luxembourg ($1,180 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 Cabo Verde (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Imports in Portugal
In 2022, approx. 292 tons of coconuts were imported into Portugal; increasing by 12% compared with the previous year. In general, imports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. As a result, imports reached the peak of 520 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, coconut imports shrank to $767K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. As a result, imports attained the peak of $1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Coconut in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 385 | 614 | 601 | 536 | 11.7% |
| Netherlands | 159 | 162 | 186 | 187 | 5.6% |
| Brazil | 59.4 | 165 | 31.8 | 28.2 | -22.0% |
| Others | 22.9 | 64.7 | 7.4 | 16.2 | -10.9% |
| Total | 627 | 1,005 | 827 | 767 | 6.9% |
Top Suppliers of Coconut to Portugal in 2022:
- Spain (156.7 tons)
- Netherlands (117.1 tons)
- Brazil (15.3 tons)
Coconut Exports in Portugal
In 2022, overseas shipments of coconuts decreased by -19.7% to 84 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year.
In value terms, coconut exports fell markedly to $283K in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. As a result, the exports attained the peak of $371K, and then shrank notably in the following year.
| Export of Coconut in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cabo Verde | 35.1 | 98.9 | 170 | 112 | 47.2% |
| Spain | 0.4 | 0.8 | 93.9 | 81.1 | 487.5% |
| Angola | 50.7 | 36.9 | 43.7 | 26.7 | -19.2% |
| Poland | N/A | N/A | N/A | 14.8 | 0% |
| United Kingdom | 4.9 | 9.1 | 10.9 | 14.5 | 43.6% |
| Morocco | 14.2 | 14.2 | 13.6 | 8.1 | -17.1% |
| Guinea-Bissau | 6.3 | 7.1 | 6.7 | 3.5 | -17.8% |
| Switzerland | 6.4 | 6.4 | 6.3 | 2.3 | -28.9% |
| Luxembourg | 0.7 | 1.7 | 1.7 | 1.9 | 39.5% |
| Mozambique | 21.4 | 36.4 | 11.8 | 0.7 | -68.0% |
| United States | 17.7 | 3.8 | 0.1 | 0.5 | -69.5% |
| Others | 6.7 | 11.2 | 11.9 | 16.6 | 35.3% |
| Total | 164 | 227 | 371 | 283 | 19.9% |
Top Export Markets for Coconut from Portugal in 2022:
- Cabo Verde (33.7 tons)
- Spain (25.9 tons)
- Angola (6.6 tons)
- Poland (4.9 tons)
- United Kingdom (2.8 tons)
- Morocco (2.1 tons)
- Luxembourg (1.6 tons)
- Guinea-Bissau (0.9 tons)
- Switzerland (0.5 tons)
- Mozambique (0.2 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the coconut market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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