Market research

Coconuts market in Asia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

After reaching 55.6 million tonnes in 2018, the coconut market volume in Asia contracted over the next two years, falling to 52.4 million tonnes in 2020. A recovery followed in 2021, lifting the market to 55.0 million tonnes, though it dipped slightly in 2022 to 54.3 million tonnes.

Market volume expanded again in 2023, reaching 55.1 million tonnes. This growth was driven by rising consumer demand for plant-based and natural products, which increased consumption of coconut milk, water, and oil. Simultaneously, major companies such as Nestlé launched new coconut-based ice creams and beverages in Asian markets, further stimulating demand.

Industry activity remained strong in 2024, with Thai Coconut expanding its production capacity for coconut milk by over 60% at a new facility. Continued health consciousness and export growth from India and the Philippines supported ongoing market development, although supply chain disruptions from environmental factors posed challenges.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production coconuts in Asia

In kind, 2017-2020, K t

Top producers of coconuts, 2017-2020

Source: SHEV.io

World map of production of coconuts, 2017-2020

Source: SHEV.io

Asia's coconut production volume declined for the second consecutive year. In 2020, 52 619 thousand tonnes of coconuts were produced in Asia, marking a slight decrease of 2.9% compared to 2019. Between 2017 and 2020, production increased by 6.8%, which equates to an annualized growth rate of 2.2%. The highest production level was recorded in 2018 at 55 682 thousand tonnes, with the largest annual increase of 13.1% also occurring that year.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.1%	(2.6%)	(2.9%)	2.2%

Source: SHEV.io

Exports coconuts from Asia

Exports in kind, K t

The market showed an unstable trend throughout the period. Import levels fluctuated significantly, with a 4.2-fold difference between the peak in 2017 and the low point in 2019. In 2020, foreign coconut supplies from Asia reached 679 thousand tonnes, up by 120.1% compared to 2019. The minimum value was recorded in 2019 at 308 thousand tonnes, while the largest decline occurred in 2018 with a drop of 68.0%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(68.0%)	(25.7%)	120.1%	(19.4%)

Source: SHEV.io

From 2017 to 2020, coconut exports in kind from Asia were distributed across many countries. Canada accounted for 13.9% of exports in kind, the United States for 4.1%, and the Netherlands for 2.1%. Together, these three countries represented only 20.0% of total export flows, indicating a highly diversified market.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

After a two-year decline, exported coconut volumes from Asia increased. In 2020, exports totaled 1 175 million US dollars, up by 51.5% from 2019. Between 2017 and 2020, exports grew by 5.9%, equating to an annualized rate of 1.9%. The lowest value was recorded in 2019 at 776 million US dollars, with the largest decline of 25.2% also occurring that year.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.5%)	(25.2%)	51.5%	1.9%

Source: SHEV.io

The partner structure of exports in value terms from 2017 to 2020 remained fragmented. The United States accounted for 11.6% of exports in value terms, the Netherlands for 5.5%, and Germany for 3.5%. Together, these three countries represented only 20.7% of total flows, with no single country holding a dominant share.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports coconuts to Asia

Imports in kind, K t

Asia's coconut import volume increased for the third consecutive year. In 2020, Asia imported 428 thousand tonnes of coconuts, amounting to a slight increase of 1.2% compared to 2019. Over the period from 2017 to 2020, imports rose by 54.4%, with a compound annual growth rate (CAGR) of 15.6%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.3%	26.8%	1.2%	15.6%

Source: SHEV.io

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After a two-year drop, coconut deliveries to Asia increased. In 2020, imports amounted to 817 million US dollars, showing a sharp increase of 40.3% from the previous year. Over the period from 2017 to 2020, imports grew by 26.8%, with a CAGR of 8.2%. The minimum value was recorded in 2019 at 583 million US dollars, while the largest decline occurred in 2018 with a drop of 6.1%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US