Kenya: Coconut Market 2024

Coconut Market Size in Kenya

The Kenyan coconut market rose sharply to $X in 2022, growing by 12% against the previous year. In general, consumption enjoyed a perceptible increase. Coconut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Coconut Production in Kenya

In value terms, coconut production expanded significantly to $X in 2022 estimated in export price. Overall, production posted strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 99% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of coconuts in Kenya rose markedly to X tons per ha, picking up by 8.4% against 2021. In general, the yield, however, showed a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 39% against the previous year. Over the period under review, the average coconut yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconuts were harvested in Kenya; with an increase of 4.7% compared with 2021 figures. Over the period under review, the harvested area recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 71%. The coconut harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Coconut Exports

Exports from Kenya

In 2022, coconut exports from Kenya fell significantly to X tons, with a decrease of -53.4% against the year before. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 1,148%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coconut exports declined dramatically to $X in 2022. Over the period under review, exports faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 842% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for coconut exports from Kenya, accounting for a 55% share of total exports. Moreover, coconut exports to Egypt exceeded the volume sent to the second major destination, Turkey (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt amounted to -32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the United Arab Emirates (-15.2% per year).

In value terms, Egypt ($X) remains the key foreign market for coconuts exports from Kenya, comprising 62% of total exports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the United Arab Emirates (-24.3% per year).

Export Prices by Country

In 2022, the average coconut export price amounted to $X per ton, jumping by 78% against the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 138%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Tanzania ($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 Egypt (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Kenya

In 2022, after three years of growth, there was significant decline in overseas purchases of coconuts, when their volume decreased by -93.5% to X tons. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 347% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, coconut imports contracted notably to $X in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 319%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

The UK (X kg), India (X kg) and the United Arab Emirates (X kg) were the main suppliers of coconut imports to Kenya, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +34.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut suppliers to Kenya were the UK ($X), India ($X) and South Africa ($X), together comprising 94% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +35.6%, recorded 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, picking up by 8.6% against the previous year. Overall, the import price posted strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 83% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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