Eastern Europe: Coconut Market 2024

Coconut Market Size in Eastern Europe

The East European coconut market contracted modestly to $X in 2022, reducing by -2% against the previous year. Overall, consumption recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Coconut Production in Eastern Europe

In value terms, coconut production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 936,559,100% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Lithuania (X kg), Hungary (X kg) and Slovakia (X kg).

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of 0.0%), while production for the other leaders experienced mixed trends in the production figures.

Coconut Exports

Exports in Eastern Europe

In 2022, coconut exports in Eastern Europe declined rapidly to X tons, which is down by -32.2% against the year before. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 85%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coconut exports declined notably to $X in 2022. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 890% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Poland (X tons) and Lithuania (X tons) represented the key exporters of coconuts in Eastern Europe, together recording near 67% of total exports. Hungary (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (9.3%). The following exporters - Russia (X tons), Bulgaria (X tons) and Latvia (X tons) - each accounted for a 7.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of +35.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest coconut supplying countries in Eastern Europe were Poland ($X), Lithuania ($X) and Bulgaria ($X), together comprising 64% of total exports.

Bulgaria, with a CAGR of +48.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 6.2% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 435%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.2%), while the other leaders experienced more modest paces of growth.

Coconut Imports

Imports in Eastern Europe

In 2022, overseas purchases of coconuts decreased by -2% to X tons, falling for the fourth consecutive year after two years of growth. In general, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of 183% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, coconut imports fell modestly to $X in 2022. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 242%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, reaching X tons, which was approx. 51% of total imports in 2022. The Czech Republic (X tons) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (8.5%), Poland (8.4%), Ukraine (7.2%) and Romania (5.1%). Belarus (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the coconuts imports, with a CAGR of +8.5% from 2012 to 2022. At the same time, the Czech Republic (+6.2%), Belarus (+5.1%), Bulgaria (+4.1%), Ukraine (+2.7%) and Romania (+2.6%) displayed positive paces of growth. Poland experienced a relatively flat trend pattern. By contrast, Lithuania (-9.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and the Czech Republic increased by +21 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported coconuts in Eastern Europe, comprising 34% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 13% share.

In Russia, coconut imports increased at an average annual rate of +9.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+9.2% per year) and the Czech Republic (+10.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with a decrease of -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2013 an increase of 21%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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