U.S.: Coconut Market Overview 2020

Coconut Market Size in the U.S.

The revenue of the coconut market in the U.S. amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, coconut consumption continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, the coconut market attained its peak level and is likely to continue its growth in the immediate term.

Coconut Exports

Exports from the U.S.

In 2018, the amount of coconuts exported from the U.S. amounted to X tonnes, dropping by -X% against the previous year. Overall, coconut exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, coconut exports attained their maximum at X tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, coconut exports amounted to $X in 2018. Overall, the total exports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, coconut exports increased by +X% against 2012 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, coconut exports attained their peak of $X. From 2012 to 2018, the growth of coconut exports remained at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for coconut exports from the U.S., accounting for a X% share of total exports. Moreover, coconut exports to Canada exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), sevenfold. Namibia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Namibia (+X% per year).

In value terms, Canada ($X) remains the key foreign market for coconut exports from the U.S., comprising X% of total coconut exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Israel (+X% per year).

Export Prices by Country

In 2018, the average coconut export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, coconut export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices for coconuts attained their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Israel ($X per tonne), while the average price for exports to Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into the U.S.

In 2018, approx. X tonnes of coconuts were imported into the U.S.; increasing by X% against the previous year. In general, coconut imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, coconut imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, coconut imports totaled $X in 2018. Over the period under review, coconut imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, coconut imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

Thailand (X tonnes), Mexico (X tonnes) and the Dominican Republic (X tonnes) were the main suppliers of coconut imports to the U.S., with a combined X% share of total imports. These countries were followed by Viet Nam, Guyana and India, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of coconut to the U.S., comprising X% of total coconut imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by the Dominican Republic, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Dominican Republic (+X% per year).

Import Prices by Country

The average coconut import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the coconut import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for coconuts reached their maximum in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform