Southern Asia: Coconut Market 2024

Coconut Market Size in Southern Asia

The South Asian coconut market declined slightly to $X in 2022, approximately reflecting the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Coconut Production in Southern Asia

In value terms, coconut production declined modestly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +0.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 47%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of coconut production was India (X tons), comprising approx. 84% of total volume. Moreover, coconut production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), sixfold.

In India, coconut production expanded at an average annual rate of +3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+0.6% per year) and Bangladesh (+1.2% per year).

The average coconut yield dropped to X tons per ha in 2022, with a decrease of -2% against 2021 figures. The yield figure increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by 39% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the coconut yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The coconut harvested area amounted to X ha in 2022, flattening at 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 5.6%. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Coconut Exports

Exports in Southern Asia

In 2022, exports of coconuts in Southern Asia shrank to X tons, dropping by -5.6% on the year before. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 63%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, coconut exports shrank markedly to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India represented the key exporter of coconuts in Southern Asia, with the volume of exports reaching X tons, which was near 72% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), mixing up a 28% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coconut exports from India stood at +1.0%. At the same time, Sri Lanka (+5.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +5.6% from 2012-2022. While the share of Sri Lanka (+8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest coconut supplier in Southern Asia, comprising 76% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +1.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with a decrease of -18.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 45%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.4%).

Coconut Imports

Imports in Southern Asia

Coconut imports expanded slightly to X tons in 2022, with an increase of 2.3% on the previous year's figure. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 159% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, coconut imports declined to $X in 2022. Over the period under review, imports posted a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of 137%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan (X tons) and Nepal (X tons) were the key importers of coconuts in 2022, recording approx. 44% and 37% of total imports, respectively. It was distantly followed by Bangladesh (X tons), achieving a 16% share of total imports. Afghanistan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constitutes the largest market for imported coconuts in Southern Asia, comprising 49% of total imports. The second position in the ranking was held by Nepal ($X), with a 24% share of total imports. It was followed by Bangladesh, with a 19% share.

In Pakistan, coconut imports expanded at an average annual rate of +4.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+9.3% per year) and Bangladesh (-3.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, shrinking by -14.8% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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