Global Coconut Market 2024

Coconut Market Size

The global coconut market fell slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Coconut Production

In value terms, coconut production totaled $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Indonesia (X tons), the Philippines (X tons) and India (X tons), together comprising X% of global production. Brazil, Sri Lanka, Papua New Guinea, Vietnam, Myanmar and Mexico lagged somewhat behind, together comprising a further X%.

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

The global average coconut yield shrank modestly to X tons per ha in 2022, approximately mirroring 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 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.

The global coconut harvested area amounted to X ha in 2022, standing approx. at the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Coconut Exports

Exports

In 2022, shipments abroad of coconuts decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, coconut exports fell to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the global exports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Exports by Country

Indonesia (X tons) and Thailand (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Vietnam (X tons), constituting a X% share of total exports. The following exporters - India (X tons), Cote d'Ivoire (X tons), Sri Lanka (X tons) and Guyana (X tons) - together made up X% of total exports.

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

In value terms, Thailand ($X) remains the largest coconut supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In Thailand, coconut exports expanded 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: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 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 Guyana (X%), while the other global leaders experienced more modest paces of growth.

Coconut Imports

Imports

For the fourth year in a row, the global market recorded growth in overseas purchases of coconuts, which increased by X% to X tons in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, coconut imports expanded remarkably to $X in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the key importer of coconuts, achieving X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%). The following importers - the United Arab Emirates (X tons) and the United States (X tons) - each amounted to a X% share of total imports.

China was also the fastest-growing in terms of the coconuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), Malaysia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. The United States experienced a relatively flat trend pattern. While the share of China (X p.p.) and Thailand (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported coconuts worldwide, comprising X% of global imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In China, coconut imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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