EU: Coconut Market 2024

Coconut Market Size in the EU

In 2022, the EU coconut market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The total consumption indicated prominent growth 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. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Coconut Production in the EU

In value terms, coconut production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

France (X tons) remains the largest coconut producing country in the European Union, comprising approx. X% of total volume. Moreover, coconut production in France exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in France totaled X%.

The average coconut yield dropped sharply to X tons per ha in 2022, shrinking by X% against the previous year's figure. Overall, the yield, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the coconut 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 coconut harvested area in the European Union reduced modestly to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to coconut production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

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Coconut Exports

Exports in the EU

In 2022, shipments abroad of coconuts decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a tangible increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports shrank to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the largest exporter of coconuts, generating X% of total exports. It was distantly followed by Spain (X tons), Belgium (X tons) and France (X tons), together mixing up a X% share of total exports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to coconut exports from the Netherlands stood at X%. At the same time, France (X%), Belgium (X%) and Spain (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and France increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coconut supplying countries in the European Union were the Netherlands ($X), Spain ($X) and Belgium ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, approximately reflecting the previous year. Export price indicated prominent 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 increased by X% against 2014 indices. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Spain ($X per ton), while France ($X per ton) was amongst the lowest.

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

Coconut Imports

Imports in the EU

In 2022, the amount of coconuts imported in the European Union reduced to X tons, which is down by X% against the previous year. The total import volume 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 2013 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, coconut imports contracted to $X in 2022. Total imports indicated a notable expansion 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. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

The Netherlands was the main importer of coconuts in the European Union, with the volume of imports recording X tons, which was near X% of total imports in 2022. Spain (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), France (X%), Germany (X%) and Belgium (X%).

Imports into the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Belgium (X%) and France (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (X%) illustrated a downward trend over the same period. Spain (X p.p.) and Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while Germany, the Netherlands and Italy saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Italy, France and Belgium lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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