U.S. - Coconut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoconut Price in the United States - 2023
Contents:
- Coconut Price in the United States (CIF) - 2023
- Coconut Price in the United States (FOB) - 2023
- Coconut Imports in the United States
- Coconut Exports in the United States
Coconut Price in the United States (CIF) - 2023
The average coconut import price stood at $919 per ton in August 2023, with an increase of 6.1% against the previous month. In general, the import price, however, showed a mild curtailment. The growth pace was the most rapid in March 2023 an increase of 7.9% month-to-month. The import price peaked at $1,140 per ton in October 2022; however, from November 2022 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Thailand ($1,103 per ton), while the price for Mexico ($796 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Coconut Price in the United States (FOB) - 2023
In August 2023, the average coconut export price amounted to $1,167 per ton, declining by -15.1% against the previous month. Overall, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in April 2023 when the average export price increased by 69% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,266 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Panama ($2,403 per ton), while the average price for exports to Italy ($635 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Coconut Imports in the United States
In 2022, imports of coconuts into the United States reduced to 48K tons, dropping by -1.7% against the previous year's figure. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
In value terms, coconut imports rose slightly to $51M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29%.
| Import of Coconut in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 16.4 | 12.2 | 18.9 | 20.2 | 7.2% |
| Thailand | 25.0 | 16.7 | 16.3 | 20.1 | -7.0% |
| Dominican Republic | 4.4 | 3.8 | 4.3 | 4.0 | -3.1% |
| Costa Rica | 0.1 | 0.3 | 1.1 | 1.0 | 115.4% |
| Vietnam | 3.7 | 3.1 | 2.5 | 0.4 | -52.4% |
| Others | 1.5 | 1.9 | 6.1 | 5.2 | 51.3% |
| Total | 51.1 | 38.1 | 49.2 | 51.0 | -0.1% |
Top Suppliers of Coconut to the United States in 2022:
- Mexico (26.7K tons)
- Thailand (14.1K tons)
- Dominican Republic (4.1K tons)
- Costa Rica (1.0K tons)
- Vietnam (0.4K tons)
Coconut Exports in the United States
In 2022, coconut exports from the United States rose sharply to 2.4K tons, picking up by 8.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, coconut exports expanded remarkably to $4.9M in 2022. The total export value increased at an average annual rate of +12.5% from 2019 to 2022; 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 23%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Coconut in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2,876 | 2,928 | 3,568 | 3,732 | 9.1% |
| Ecuador | 84.9 | 230 | 273 | 382 | 65.1% |
| Mexico | 58.4 | 49.8 | 187 | 322 | 76.7% |
| Panama | N/A | N/A | 4.5 | 130 | 2788.9% |
| Spain | 76.0 | 84.2 | N/A | 108 | 12.4% |
| Vietnam | N/A | N/A | 60.5 | 46.7 | -22.8% |
| Others | 347 | 262 | 270 | 181 | -19.5% |
| Total | 3,443 | 3,553 | 4,364 | 4,901 | 12.5% |
Top Export Markets for Coconut from the United States in 2022:
- Canada (1674.9 tons)
- Mexico (303.4 tons)
- Spain (145.1 tons)
- Ecuador (90.6 tons)
- Vietnam (42.1 tons)
- Panama (41.9 tons)
This report provides an in-depth analysis of the coconut market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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