Uganda: Coconut Market 2024

Coconut Market Size in Uganda

The Ugandan coconut market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, recorded a pronounced decrease. Coconut consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Coconut Production in Uganda

In value terms, coconut production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of coconuts in Uganda amounted to less than X kg per ha in 2022, approximately equating 2021. In general, the yield recorded 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 Uganda stood at less than X ha, flattening at 2021. In general, the harvested area saw a relatively flat trend pattern.

Coconut Exports

Exports from Uganda

Coconut exports from Uganda dropped dramatically to X kg in 2022, with a decrease of -79.6% against 2021. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 459% 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 reduced sharply to $X in 2022. Overall, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 477% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Norway (X kg) was the main destination for coconut exports from Uganda, with a 49% share of total exports. Moreover, coconut exports to Norway exceeded the volume sent to the second major destination, Denmark (X kg), fourfold. Switzerland (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at +104.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+25.4% per year) and Switzerland (+28.2% per year).

In value terms, Norway ($X) remains the key foreign market for coconuts exports from Uganda, comprising 62% of total exports. The second position in the ranking was held by Denmark ($X), with an 8.6% share of total exports. It was followed by Switzerland, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +290.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+42.2% per year) and Switzerland (+24.9% per year).

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, increasing by 30% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2015 an increase of 181% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Rwanda ($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 Norway (+91.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Uganda

In 2022, supplies from abroad of coconuts decreased by -56% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by 259%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, coconut imports contracted significantly to $X in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 430% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of coconut to Uganda, with a 84% share of total imports. Moreover, coconut imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X kg), tenfold. South Africa (X kg) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.0% per year) and South Africa (-6.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of coconuts to Uganda, comprising 78% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by South Africa, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.1% per year) and South Africa (-4.4% per year).

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, increasing by 6.9% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 77%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and South Africa ($X per ton), while the price for the United Arab Emirates ($X per ton) and Kenya ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform