Italy: Coconut Market 2024

Coconut Market Size in Italy

The Italian coconut market declined to $X in 2022, with a decrease of -9.5% 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, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Coconut Exports

Exports from Italy

Coconut exports from Italy shrank to X tons in 2022, falling by -11.1% against the year before. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 108% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, coconut exports shrank significantly to $X in 2022. In general, exports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Germany (X tons), Spain (X tons) and France (X tons) were the main destinations of coconut exports from Italy, together accounting for 37% of total exports. Poland, Malta, Switzerland, Slovenia, Austria, Greece, Norway, Belgium, Croatia and the Netherlands lagged somewhat behind, together comprising a further 59%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +177.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Norway ($X) appeared to be the largest markets for coconut exported from Italy worldwide, with a combined 54% share of total exports. Spain, Malta, France, Belgium, Greece, Slovenia, Austria, Switzerland, Croatia and the Netherlands lagged somewhat behind, together accounting for a further 41%.

Belgium, with a CAGR of +193.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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, with a decrease of -7.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 Belgium (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Italy

In 2022, coconut imports into Italy shrank to X tons, with a decrease of -8.9% on the previous year's figure. Overall, imports recorded a mild slump. The pace of growth appeared the most rapid in 2018 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, coconut imports fell to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Cote d'Ivoire (X tons) and Nicaragua (X tons) were the main suppliers of coconut imports to Italy, together accounting for 87% of total imports. France and Thailand lagged somewhat behind, together accounting for a further 8.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Cote d'Ivoire ($X) and Nicaragua ($X) were the largest coconut suppliers to Italy, together accounting for 74% of total imports. Thailand and France lagged somewhat behind, together accounting for a further 15%.

Thailand, with a CAGR of +28.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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