Global Coconut Market
Market Overview
In 
, the global coconut market decreased by -% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2019 to , the growth of the global market failed to regain the momentum.
In value terms, coconut production dropped to $ in estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, production attained the peak level of $. from 2019 to , global production growth remained at a somewhat lower figure.
The countries with the highest volumes of coconut production in were Indonesia ( tonnes), India ( tonnes) and the Philippines ( tonnes), together comprising % of global production. Brazil, Sri Lanka, Vietnam and Papua New Guinea lagged somewhat behind, together accounting for a further %.
From 2007 to, the most notable rate of growth in terms of coconut production, amongst the main producing countries, was attained by Vietnam, while coconut production for the other global leaders experienced more modest paces of growth.
In, the global average coconut yield declined to tonnes per ha, approximately equating 2019. Over the period under review, 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 % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2019 to , the growth of the average coconut yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, approx. ha of coconuts were harvested worldwide; remaining stable against the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to coconut production attained the peak figure at ha in 2012; however, from 2013 to , the harvested area failed to regain the momentum.
, the global coconut market decreased by -% to $, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2019 to , the growth of the global market failed to regain the momentum.In value terms, coconut production dropped to $
in estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, production attained the peak level of $. from 2019 to , global production growth remained at a somewhat lower figure.The countries with the highest volumes of coconut production in
were Indonesia ( tonnes), India ( tonnes) and the Philippines ( tonnes), together comprising % of global production. Brazil, Sri Lanka, Vietnam and Papua New Guinea lagged somewhat behind, together accounting for a further %.From 2007 to
, the most notable rate of growth in terms of coconut production, amongst the main producing countries, was attained by Vietnam, while coconut production for the other global leaders experienced more modest paces of growth.In
, the global average coconut yield declined to tonnes per ha, approximately equating 2019. Over the period under review, 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 % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2019 to , the growth of the average coconut yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, approx. ha of coconuts were harvested worldwide; remaining stable against the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to coconut production attained the peak figure at ha in 2012; however, from 2013 to , the harvested area failed to regain the momentum.Consumption
Global coconut consumption shrank slightly to tonnes in , remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. from 2019 to , the growth of the global consumption failed to regain the momentum.
The global coconut market size reduced modestly to $ in , declining by -% 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). Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % y-o-y. As a result, consumption reached the peak level of $. from 2019 to , the growth of the global market remained at a lower figure.
tonnes in , remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. from 2019 to , the growth of the global consumption failed to regain the momentum.The global coconut market size reduced modestly to $
in , declining by -% 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). Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % y-o-y. As a result, consumption reached the peak level of $. from 2019 to , the growth of the global market remained at a lower figure.Consumption By Country
The countries with the highest volumes of coconut consumption in were Indonesia ( tonnes), India ( tonnes) and the Philippines ( tonnes), with a combined % share of global consumption. These countries were followed by Brazil, Sri Lanka, Vietnam, Papua New Guinea and China, which together accounted for a further %.
From 2007 to, the biggest increases were in China, while coconut consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest coconut markets worldwide were India ($), the Philippines ($) and Indonesia ($), with a combined % share of the global market. These countries were followed by Brazil, Sri Lanka, Vietnam, China and Papua New Guinea, which together accounted for a further %.
Among the main consuming countries, China saw the highest growth rate of market size, over the period under review, while coconut market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of coconut per capita consumption in were Papua New Guinea ( kg per person), the Philippines ( kg per person) and Sri Lanka ( kg per person).
From 2007 to, the biggest increases were in China, while coconut per capita consumption for the other global leaders experienced more modest paces of growth.
were Indonesia ( tonnes), India ( tonnes) and the Philippines ( tonnes), with a combined % share of global consumption. These countries were followed by Brazil, Sri Lanka, Vietnam, Papua New Guinea and China, which together accounted for a further %.From 2007 to
, the biggest increases were in China, while coconut consumption for the other global leaders experienced more modest paces of growth.In value terms, the largest coconut markets worldwide were India ($
), the Philippines ($) and Indonesia ($), with a combined % share of the global market. These countries were followed by Brazil, Sri Lanka, Vietnam, China and Papua New Guinea, which together accounted for a further %.Among the main consuming countries, China saw the highest growth rate of market size, over the period under review, while coconut market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of coconut per capita consumption in
were Papua New Guinea ( kg per person), the Philippines ( kg per person) and Sri Lanka ( kg per person).From 2007 to
, the biggest increases were in China, while coconut per capita consumption for the other global leaders experienced more modest paces of growth.Market Forecast
Driven by rising demand for coconut worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .
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