Thailand - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Price in Thailand - 2023
Contents:
- Coconut Price in Thailand (FOB) - 2023
- Coconut Price in Thailand (CIF) - 2023
- Coconut Exports in Thailand
- Coconut Imports in Thailand
Coconut Price in Thailand (FOB) - 2023
The average coconut export price stood at $506 per ton in July 2023, waning by -32.5% against the previous month. In general, the export price showed a noticeable slump. The pace of growth was the most pronounced in March 2023 an increase of 36% against the previous month. As a result, the export price reached the peak level of $907 per ton. From April 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($1,048 per ton), while the average price for exports to China ($481 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-0.1%), while the prices for the other major destinations experienced a decline.
Coconut Price in Thailand (CIF) - 2023
In July 2023, the average coconut import price amounted to $234 per ton, falling by -9.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 11% m-o-m. The import price peaked at $260 per ton in June 2023, and then fell in the following month.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($246 per ton), while the price for Indonesia totaled $225 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%).
Coconut Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of coconuts, which increased by 42% to 566K tons in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, coconut exports skyrocketed to $393M in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 63%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Coconut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 100 | 143 | 252 | 341 | 50.5% |
| United States | 22.8 | 17.8 | 17.3 | 17.3 | -8.8% |
| Singapore | 3.5 | 4.1 | 9.1 | 10.1 | 42.4% |
| Hong Kong SAR | 6.8 | 7.1 | 7.8 | 8.7 | 8.6% |
| Others | 17.7 | 13.4 | 15.6 | 15.9 | -3.5% |
| Total | 151 | 185 | 302 | 393 | 37.6% |
Top Export Markets for Coconut from Thailand in 2022:
- China (512.2K tons)
- United States (14.3K tons)
- Singapore (13.8K tons)
- Hong Kong SAR (9.8K tons)
Coconut Imports in Thailand
In 2022, purchases abroad of coconuts decreased by -27.5% to 142K tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a moderate increase. The pace of growth was the most pronounced in 2020 when imports increased by 174% against the previous year. As a result, imports reached the peak of 357K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, coconut imports shrank significantly to $42M in 2022. In general, imports continue to indicate a mild setback. The growth pace was the most rapid in 2020 with an increase of 192% against the previous year. As a result, imports attained the peak of $131M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Coconut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 14.0 | 55.1 | 37.8 | 28.1 | 26.1% |
| Vietnam | 30.9 | 75.9 | 33.8 | 14.2 | -22.8% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 44.9 | 131 | 71.6 | 42.4 | -1.9% |
Top Suppliers of Coconut to Thailand in 2022:
- Indonesia (92.5K tons)
- Vietnam (49.7K tons)
This report provides an in-depth analysis of the coconut market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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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From August 2023 to November 2023, the growth of Coconut exports failed to regain momentum. In value terms, Coconut exports totaled $30M in November 2023.
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