SADC: Coconut Market 2024

Coconut Market Size in SADC

The SADC coconut market rose to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Coconut Production in SADC

In value terms, coconut production rose markedly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Tanzania (X tons), Mozambique (X tons) and Comoros (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Comoros (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average coconut yield in SADC fell modestly to X tons per ha, which is down by X% compared with 2021 figures. In general, the yield continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 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, approx. X ha of coconuts were harvested in SADC; increasing by X% on the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the coconut harvested area remained at a lower figure.

Coconut Exports

Exports in SADC

In 2022, after two years of growth, there was significant decline in shipments abroad of coconuts, when their volume decreased by X% to X tons. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, coconut exports contracted remarkably to $X in 2022. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

In 2022, South Africa (X tons) and Mozambique (X tons) were the major exporters of coconuts in SADC, together comprising X% of total exports. It was distantly followed by Tanzania (X tons), constituting a X% share of total exports. Malawi (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Africa ($X), Mozambique ($X) and Tanzania ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Malawi ($X per ton) was amongst the lowest.

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

Coconut Imports

Imports in SADC

In 2022, overseas purchases of coconuts increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, coconut imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mauritius (X tons) and South Africa (X tons) prevails in imports structure, together committing X% of total imports. It was distantly followed by Angola (X tons), generating an X% share of total imports. Mozambique (X tons), Lesotho (X tons), Zambia (X tons) and Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lesotho (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mauritius ($X) constitutes the largest market for imported coconuts in SADC, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

In Mauritius, coconut imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Mozambique (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped markedly in the following year.

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

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

Source: IndexBox Platform

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