South-Eastern Asia: Coconut Market 2024

Coconut Market Size in South-Eastern Asia

The Southeast Asian coconut market reduced slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Coconut Production in South-Eastern Asia

In value terms, coconut production stood at $X in 2022 estimated in export price. In general, production, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), the Philippines (X tons) and Vietnam (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 leading producing countries, was attained by Vietnam (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average coconut yield fell to X tons per ha in 2022, approximately mirroring 2021 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a 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 South-Eastern Asia; remaining stable against 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Coconut Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of coconuts increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, coconut exports expanded significantly to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) and Thailand (X tons) prevails in exports structure, together mixing up X% of total exports. It was distantly followed by Vietnam (X tons), committing an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest coconut supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a noticeable 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. Based on 2022 figures, coconut export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Coconut Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of coconuts were imported in South-Eastern Asia; waning by X% against 2021 figures. Overall, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coconut imports dropped markedly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia represented the largest importer of coconuts in South-Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Thailand (X tons), creating a X% share of total imports. Singapore (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Import price indicated modest 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. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

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