Belgium: Coconut Market 2025

Coconut Market Size in Belgium

In 2022, the Belgian coconut market decreased by -72.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted slight growth. Coconut consumption peaked at $X in 2021, and then reduced rapidly in the following year.

Coconut Exports

Exports from Belgium

In 2022, shipments abroad of coconuts decreased by -90.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,133%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports fell markedly to $X in 2022. In general, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 710%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X tons), the Netherlands (X tons) and Luxembourg (X tons) were the main destinations of coconut exports from Belgium, together comprising 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +21.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coconut exported from Belgium were Luxembourg ($X), Russia ($X) and the Netherlands ($X), together comprising 83% of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +32.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, picking up by 30% against the previous year. In general, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 58% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Belgium

In 2022, supplies from abroad of coconuts decreased by -87.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 487% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coconut imports contracted rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 260% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of coconut to Belgium, with a 51% share of total imports. Moreover, coconut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Cote d'Ivoire (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-22.3% per year) and France (+15.7% per year).

In value terms, the largest coconut suppliers to Belgium were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 78% share of total imports.

Among the main suppliers, Germany, with a CAGR of +73.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, with an increase of 70% against the previous year. Over the period under review, the import price posted a prominent expansion. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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