Eastern Asia: Coconut Market 2024

Coconut Market Size in Eastern Asia

The East Asian coconut market soared to $X in 2022, rising by X% against the previous year. Overall, consumption showed buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Coconut Production in Eastern Asia

In value terms, coconut production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of coconut production, comprising approx. X% of total volume. Moreover, coconut production in China exceeded the figures recorded by the second-largest producer, Taiwan (Chinese) (X tons), more than tenfold.

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

In 2022, the average coconut yield in Eastern Asia reached X tons per ha, approximately reflecting the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the coconut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconuts were harvested in Eastern Asia; remaining stable against 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 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 remained at a lower figure.

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Coconut Exports

Exports in Eastern Asia

In 2022, overseas shipments of coconuts decreased by X% to X tons, falling for the fourth year in a row after seven years of growth. Overall, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, coconut exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%).

Exports from Hong Kong SAR increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Hong Kong SAR ($X) remains the largest coconut supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price 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, coconut export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Coconut Imports

Imports in Eastern Asia

Coconut imports surged to X tons in 2022, with an increase of X% on the previous year. In general, imports saw resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, coconut imports soared to $X in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the one major importers of coconuts, namely China, represented more than two-thirds of total import.

China was also the fastest-growing in terms of the coconuts imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported coconuts in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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