MERCOSUR: Coconut Market 2024

Coconut Market Size in MERCOSUR

The MERCOSUR coconut market reached $X in 2022, flattening at the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Coconut Production in MERCOSUR

In value terms, coconut production amounted to $X in 2022 estimated in export price. The total production indicated modest 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. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

In Brazil, coconut production plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Venezuela (X% per year) and Colombia (X% per year).

The average coconut yield reached X tons per ha in 2022, flattening at 2021. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the coconut yield hit record highs at X tons per ha in 2020; afterwards, it flattened through to 2022. 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 MERCOSUR fell slightly to X ha, flattening at 2021 figures. Overall, the harvested area recorded a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to coconut production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Coconut Exports

Exports in MERCOSUR

In 2022, overseas shipments of coconuts increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, coconut exports skyrocketed to $X in 2022. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, Guyana (X tons) was the major exporter of coconuts, mixing up X% of total exports. It was distantly followed by Venezuela (X tons), committing an X% share of total exports. Brazil (X tons) held a minor share of total exports.

Exports from Guyana increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Guyana and Brazil increased by X and X percentage points, respectively.

In value terms, Guyana ($X) remains the largest coconut supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Venezuela ($X), with an X% share of total exports.

In Guyana, coconut exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Venezuela (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X%. 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 Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Coconut Imports

Imports in MERCOSUR

In 2022, approx. X tons of coconuts were imported in MERCOSUR; with a decrease of X% on 2021 figures. Over the period under review, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, coconut imports stood at $X in 2022. Overall, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Colombia represented the main importer of coconuts in MERCOSUR, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Chile (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). Paraguay (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to coconut imports into Colombia stood at X%. At the same time, Paraguay (X%), Argentina (X%) and Chile (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Colombia, Argentina, Paraguay and Chile increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) constitutes the largest market for imported coconuts in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Colombia amounted to X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a slight increase 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. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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