Pakistan: Coconut Market 2024

Coconut Market Size in Pakistan

In 2022, after four years of growth, there was decline in the Pakistani coconut market, when its value decreased by -2.8% to $X. Over the period under review, consumption, however, showed temperate growth. Coconut consumption peaked at $X in 2021, and then shrank in the following year.

Coconut Production in Pakistan

In value terms, coconut production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 70%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average coconut yield in Pakistan shrank slightly to X tons per ha, with a decrease of -3.3% on the previous year. The yield figure increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the yield increased by 17% against the previous year. The coconut yield peaked at X tons per ha in 2021, and then dropped modestly 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 Pakistan; almost unchanged from the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 0.9% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the coconut harvested area remained at a somewhat lower figure.

Coconut Exports

Exports from Pakistan

In 2022, after three years of decline, there was significant growth in overseas shipments of coconuts, when their volume increased by 190% to X tons. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 395%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, coconut exports skyrocketed to $X in 2022. In general, exports continue to indicate a remarkable increase. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for coconut exports from Pakistan, accounting for a 88% share of total exports. Moreover, coconut exports to Saudi Arabia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by South Korea (X kg), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.3% per year) and South Korea (+16.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for coconuts exports from Pakistan, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with a 7.3% share of total exports. It was followed by South Korea, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and South Korea (+28.1% per year).

Export Prices by Country

In 2022, the average coconut export price amounted to $X per ton, surging by 51% against the previous year. Over the period under review, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Greece ($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 UK (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Pakistan

In 2022, after three years of growth, there was significant decline in purchases abroad of coconuts, when their volume decreased by -6.6% to X tons. Overall, imports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2019 with an increase of 136%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, coconut imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2016 with an increase of 122%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of coconut to Pakistan, with a 89% share of total imports. Moreover, coconut imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sri Lanka totaled +4.0%.

In value terms, Sri Lanka ($X) constituted the largest supplier of coconuts to Pakistan, comprising 84% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka stood at +3.6%.

Import Prices by Country

The average coconut import price stood at $X per ton in 2022, increasing by 90% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%).

Source: IndexBox Platform

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