Report Update Nov 1, 2024

Puerto Rico - Coconut - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Coconut Market 2024

Coconut Market Size in Puerto Rico

The Puerto Rican coconut market contracted modestly to $X in 2021, waning by -1.8% against the previous year. Overall, consumption saw a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Coconut Production in Puerto Rico

In value terms, coconut production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 230% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of coconuts in Puerto Rico reduced slightly to X tons per ha, which is down by -3.5% compared with 2020 figures. Overall, the yield saw a pronounced slump. The pace of growth appeared the most rapid in 2016 with an increase of 385%. Over the period under review, the coconut yield reached the maximum level at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the coconut harvested area in Puerto Rico reached X ha, growing by 1.6% against the year before. In general, the harvested area, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when the harvested area increased by 21% against the previous year. The global harvested area peaked at X ha in 2013; however, from 2014 to 2021, the harvested area stood at a somewhat lower figure.

Coconut Exports

Exports by Country

Indonesia was the largest exporting country with an export of about X tons, which accounted for 49% of total exports. Thailand (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (15%). The following exporters - India (X tons), Sri Lanka (X tons), Malaysia (X tons) and the Netherlands (X tons) - together made up 7.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to coconut exports from Indonesia stood at +19.9%. At the same time, Thailand (+26.9%), Sri Lanka (+7.8%), Vietnam (+4.9%), the Netherlands (+3.0%) and India (+1.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.9% from 2012-2021. By contrast, Malaysia (-4.7%) illustrated a downward trend over the same period. Indonesia (+20 p.p.) and Thailand (+15 p.p.) significantly strengthened its position in terms of the global exports, while Malaysia, India and Vietnam saw its share reduced by -2.7%, -7.3% and -14.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coconut supplying countries from Puerto Rico were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 76% of total exports.

Thailand, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Coconut Imports

Imports by Country

China was the largest importing country with an import of about X tons, which resulted at 53% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together held approx. 28% share of total imports. The following importers - the United Arab Emirates (X tons), the United States (X tons) and the Netherlands (X tons) - together made up 7% of total imports.

Imports into China increased at an average annual rate of +19.3% from 2012 to 2021. At the same time, Thailand (+24.4%), Malaysia (+8.0%) and the United Arab Emirates (+7.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +24.4% from 2012-2021. The Netherlands and the United States experienced a relatively flat trend pattern. China (+20 p.p.) and Thailand (+6.9 p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates, the Netherlands, the United States and Malaysia saw its share reduced by -1.7%, -1.8%, -5.8% and -8.3% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported coconuts into Puerto Rico, comprising 51% of global imports. The second position in the ranking was held by Thailand ($X), with an 8% share of global imports. It was followed by Malaysia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +24.2%. In the other countries, the average annual rates were as follows: Thailand (+29.1% per year) and Malaysia (+13.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, together accounting for 73% of global consumption. Brazil, Sri Lanka, Vietnam, Papua New Guinea and China lagged somewhat behind, together accounting for a further 14%.

What are the largest producers of coconuts in the world?

The countries with the highest volumes of in 2020 were Indonesia, India and the Philippines, with a combined 74% share of global production. These countries were followed by Brazil, Sri Lanka, Vietnam and Papua New Guinea, which together accounted for a further 12%.

What are the leading suppliers of coconuts to Puerto Rico?

In value terms, China constitutes the largest market for imported coconuts into Puerto Rico, comprising 40% of global imports. The second position in the ranking was occupied by Thailand, with an 18% share of global imports. It was followed by Malaysia, with an 8.6% share.

What are the leading importers of coconuts from Puerto Rico?

In value terms, the largest coconut supplying countries from Puerto Rico were Indonesia, Thailand and Vietnam, together accounting for 75% of total exports.

What is the average export price for coconuts in Puerto Rico?

The export price in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining stable against the previous year.

What is the average import price for coconuts in Puerto Rico?

In 2020, the import price in Puerto Rico amounted to $less than 0.1 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the coconut market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 249 - Coconuts

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023