Lithuania: Coconut Market 2024

Coconut Market Size in Lithuania

The Lithuanian coconut market surged to $X in 2022, jumping by 308% against the previous year. Overall, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Coconut Production in Lithuania

In value terms, coconut production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume decreased by 99.9% against the previous year. Coconut production peaked in 2022 and is expected to retain growth in the near future.

The average yield of coconuts in Lithuania was estimated at less than X kg per ha in 2022, leveling off at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of coconuts were harvested in Lithuania; therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Coconut Exports

Exports from Lithuania

In 2022, shipments abroad of coconuts increased by 32% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 35%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, coconut exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 53%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons), Russia (X tons) and Belarus (X tons) were the main destinations of coconut exports from Lithuania, together comprising 90% of total exports. The Netherlands, Latvia and Uzbekistan lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) constituted the largest markets for coconut exported from Lithuania worldwide, together accounting for 85% of total exports. The Netherlands, Latvia and Uzbekistan lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +64.3%, 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

In 2022, the average coconut export price amounted to $X per ton, reducing by -5% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut export price increased by +62.6% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 62% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Kazakhstan ($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 the Netherlands (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Lithuania

In 2022, overseas purchases of coconuts increased by 115% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coconut imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of coconut to Lithuania, with a 72% share of total imports. Moreover, coconut imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+48.5% per year) and Belgium (-2.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of coconuts to Lithuania, comprising 72% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Latvia, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+39.1% per year) and Latvia (+3.2% per year).

Import Prices by Country

The average coconut import price stood at $X per ton in 2022, jumping by 33% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform