India: Coconut Market 2024

Coconut Market Size in India

The Indian coconut market reduced to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Coconut Production in India

In value terms, coconut production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The average yield of coconuts in India shrank slightly to X tons per ha in 2022, almost unchanged from the year before. 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 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average 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, approx. X ha of coconuts were harvested in India; approximately equating 2021 figures. Overall, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to coconut production attained the peak figure at X ha in 2021, and then contracted slightly in the following year.

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Coconut Exports

Exports from India

In 2022, shipments abroad of coconuts increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, total exports indicated a modest 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. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports reduced rapidly to $X in 2022. In general, total exports indicated slight 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. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for coconut exports from India, with a X% share of total exports. Moreover, coconut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Nepal (X tons), fourfold. The third position in this ranking was taken by Iran (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Iran (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for coconuts exports from India, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into India

In 2022, the amount of coconuts imported into India shrank dramatically to X tons, declining by X% against the previous year's figure. In general, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coconut imports contracted markedly to $X in 2022. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest coconut supplier to India, with a X% share of total imports. Moreover, coconut imports from Thailand exceeded the figures recorded by the second-largest supplier, Sri Lanka (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%.

In value terms, Thailand ($X) constituted the largest supplier of coconuts to India, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Sri Lanka amounted to $X per ton.

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

Source: IndexBox Platform

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