Australia and Oceania: Coconut Market 2024

Coconut Market Size in Australia and Oceania

The coconut market in Australia and Oceania reduced to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Coconut Production in Australia and Oceania

In value terms, coconut production declined to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The country with the largest volume of coconut production was Papua New Guinea (X tons), comprising approx. X% of total volume. Moreover, coconut production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Vanuatu (X tons), fivefold. Kiribati (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Papua New Guinea totaled X%. In the other countries, the average annual rates were as follows: Vanuatu (X% per year) and Kiribati (X% per year).

The average coconut yield contracted modestly to X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the coconut yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconuts production in Australia and Oceania reached X ha, remaining relatively unchanged against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to coconut production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Coconut Exports

Exports in Australia and Oceania

In 2022, the amount of coconuts exported in Australia and Oceania reached X tons, flattening at the previous year's figure. Over the period under review, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, coconut exports contracted to $X in 2022. Overall, exports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Papua New Guinea represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Samoa (X tons), generating a X% share of total exports. Tonga (X tons) and Australia (X tons) followed a long way behind the leaders.

Papua New Guinea experienced a relatively flat trend pattern with regard to volume of exports of coconuts. At the same time, Australia (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. Samoa experienced a relatively flat trend pattern. By contrast, Tonga (X%) illustrated a downward trend over the same period. While the share of Papua New Guinea (X p.p.), Samoa (X p.p.) and Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tonga (X p.p.) displayed negative dynamics.

In value terms, Papua New Guinea ($X) remains the largest coconut supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Samoa ($X), with a X% share of total exports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Papua New Guinea amounted to X%. In the other countries, the average annual rates were as follows: Samoa (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (X%), while the other leaders experienced mixed trends in the export price figures.

Coconut Imports

Imports in Australia and Oceania

In 2022, purchases abroad of coconuts increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coconut imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the key importer of coconuts in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to coconut imports into Australia stood at X%. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported coconuts in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, coconut imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :