Report Update Nov 1, 2024

Saudi Arabia - Coconut - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Coconut Market 2024

Coconut Market Size in Saudi Arabia

The Saudi coconut market dropped dramatically to less than $X in 2022, which is down by 99.9% against the previous year. In general, consumption saw a pronounced increase. Coconut consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Coconut Production in Saudi Arabia

In value terms, coconut production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Coconut production peaked in 2022 and is expected to retain growth in years to come.

The average yield of coconuts in Saudi Arabia amounted to less than X kg per ha in 2022, stabilizing at the year before. Overall, the yield showed 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, the total area harvested in terms of coconuts production in Saudi Arabia was estimated at less than X ha, flattening at the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Coconut Exports

Exports from Saudi Arabia

In 2022, after three years of growth, there was significant decline in shipments abroad of coconuts, when their volume decreased by -40.2% to X tons. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 409% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, coconut exports contracted dramatically to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 666% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Ireland (X tons) and Bahrain (X tons) were the main destinations of coconut exports from Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +64.3%).

In value terms, Bahrain ($X) emerged as the key foreign market for coconuts exports from Saudi Arabia, comprising 68% of total exports. The second position in the ranking was taken by Ireland ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled +43.8%.

Export Prices by Country

In 2022, the average coconut export price amounted to $X per ton, dropping by -5.5% against the previous year. Overall, the export price, however, showed modest growth. The growth pace was the most rapid in 2014 when the average export price increased by 56%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Ireland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+9.2%), while the prices for the other major destinations experienced a decline.

Coconut Imports

Imports into Saudi Arabia

In 2021, the amount of coconuts imported into Saudi Arabia reduced to X tons, dropping by -8.8% against the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 77% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, coconut imports shrank to $X in 2021. Overall, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of 88%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest coconut supplier to Saudi Arabia, with a 74% share of total imports. Moreover, coconut imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +8.9%.

In value terms, India ($X) constituted the largest supplier of coconuts to Saudi Arabia, comprising 75% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +10.7%.

Import Prices by Country

The average coconut import price stood at $X per ton in 2021, waning by -5.4% against the previous year. Overall, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Sri Lanka stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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. These countries were followed by Brazil, Sri Lanka, Vietnam, Papua New Guinea and China, which together accounted 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 Saudi Arabia?

In value terms, India constituted the largest supplier of coconut to Saudi Arabia, comprising 86% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 14% share of total imports.

What are the leading importers of coconuts from Saudi Arabia?

In value terms, Bahrain remains the key foreign market for coconut exports from Saudi Arabia.

What is the average export price for coconuts in Saudi Arabia?

The average coconut export price stood at $5,312 per ton in 2020, with an increase of 290% against the previous year.

What is the average import price for coconuts in Saudi Arabia?

In 2020, the average coconut import price amounted to $627 per ton, declining by -28.9% against the previous year.

This report provides an in-depth analysis of the coconut market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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