Malaysia: Coconut Market 2025

Coconut Market Size in Malaysia

In 2022, the Malaysian coconut market decreased by -4.7% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, continues to indicate a notable increase. Coconut consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Coconut Production in Malaysia

In value terms, coconut production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 97%. Coconut production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of coconuts in Malaysia fell to X tons per ha in 2022, with a decrease of -1.9% on the previous year. The yield figure increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. The coconut yield peaked at X tons per ha in 2021, and then fell slightly in the following year. 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 Malaysia; remaining constant against 2021 figures. In general, the harvested area, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 2.7% against the previous year. The coconut harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Coconut Exports

Exports from Malaysia

In 2022, shipments abroad of coconuts increased by 188% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports showed a strong expansion. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, coconut exports skyrocketed to $X in 2022. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for coconut exports from Malaysia, accounting for a 80% share of total exports. Moreover, coconut exports to Singapore exceeded the volume sent to the second major destination, Pakistan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+59.0% per year) and China (+26.1% per year).

In value terms, Singapore ($X), Pakistan ($X) and China ($X) were the largest markets for coconut exported from Malaysia worldwide, together accounting for 98% of total exports.

In terms of the main countries of destination, Pakistan, with a CAGR of +88.0%, saw the highest rates of growth with regard to 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, with a decrease of -4% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of 106%. The export price peaked at $X per ton in 2019; however, from 2020 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 Pakistan ($X per ton), while the average price for exports to Singapore ($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 Pakistan (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Malaysia

In 2022, the amount of coconuts imported into Malaysia was estimated at X tons, approximately mirroring the year before. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 465% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, coconut imports fell slightly to $X in 2022. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 511% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) was the main coconut supplier to Malaysia, accounting for a 99% share of total imports. It was followed by Thailand (X tons), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at +8.5%.

In value terms, Indonesia ($X) constituted the largest supplier of coconuts to Malaysia, comprising 95% of total imports. The second position in the ranking was held by Thailand ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to +12.0%.

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, declining by -3.9% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut import price increased by +44.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 24%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.8%).

Source: IndexBox Platform

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