Coconuts market in Oceania

Earlier Report Observations

The coconut market in Oceania contracted sharply in 2020, with production dropping by over 500 thousand tonnes and total market volume falling to 2 250 thousand tonnes. This decline was driven by severe supply chain disruptions during the COVID-19 pandemic, which reduced the mobility of farmers and traders, directly limiting the availability of coconuts for processing and consumption.

From 2021 to 2023, the market stabilized and began a gradual recovery, with volume reaching 2 284 thousand tonnes by 2023. This rebound was supported by growing consumer demand for coconut-based products, particularly coconut milk and coconut water, fueled by health trends such as lactose intolerance avoidance and the entry of major global beverage companies into the coconut water segment, which stimulated regional demand.

By 2024, import and export flows remained steady, while the market continued to be influenced by factors like coconut price instability in key producing regions and a rising consumer preference for organic coconut milk variants, shaping both supply conditions and segment growth within the industry.

Production coconuts in Oceania

In kind, 2017-2020, K t

Top producers of coconuts, 2017-2020

World map of production of coconuts, 2017-2020

Coconut production in Oceania has declined for the third year in a row. In 2020, the region produced 2,245 thousand tonnes of coconuts, marking a significant drop of 20.9% compared to 2019. Looking at the period from 2017 to 2020, production fell by 22.1%, which translates to an average annual decrease of 8.0%.

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

Exports coconuts from Oceania

Exports in kind, t

The market showed notable fluctuations during this period. Export volumes reached their lowest point in 2018 at 678 tonnes, then surged to a peak of 10,610 tonnes in 2020, representing a dramatic 16-fold increase. In 2020 alone, exports from Oceania grew by 137.1% compared to the previous year. The largest decline occurred in 2018, with a drop of 14.9%, while the biggest increase was recorded in 2019 at 559.8%.

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

From 2017 to 2020, the Philippines and Bangladesh were the two main export destinations for coconuts from Oceania, together accounting for 68.0% of total exports in volume terms.

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

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

Exports in value, K $ US

The market experienced an unstable trend throughout this timeframe. Export values fluctuated significantly, with a 3.9-fold difference between the low of 2018 at 1,439 thousand US dollars and the high of 2020 at 5,553 thousand US dollars. In 2020, coconut exports from Oceania reached 5,553 thousand US dollars, up 34.8% from 2019. The largest decline was in 2018 at 7.1%, while the biggest increase occurred in 2019 at 186.1%.

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

During the 2017–2020 period, the Philippines, Bangladesh, and Malaysia remained the key markets for coconut exports from Oceania in value terms. The Philippines accounted for 49.4% of exports, Bangladesh for 2.8%, and Malaysia for 1.2%, together making up 53.4% of total export flows.

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

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

Imports coconuts to Oceania

Imports in kind, t

Coconut imports into Oceania have fallen for the third consecutive year. In 2020, import volume reached 16,215 tonnes, down 9.7% from the previous year. Between 2017 and 2020, imports decreased by 20.7%, equivalent to an average annual decline of 7.4%.

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

From 2017 to 2020, the Philippines, Thailand, and Indonesia were the leading sources of coconut imports into Oceania in volume terms. The Philippines contributed 45.0% of imports, Thailand 23.2%, and Indonesia 11.0%, together representing 79.2% of total import flows.

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

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

Imports in value, K $ US

In 2020, coconut deliveries to Oceania were valued at 28,447 thousand US dollars, showing a sharp reduction of 41.5% compared to the previous year. Over the 2017–2020 period, imports decreased by 28.8%, with a compound annual growth rate of -10.7%. The maximum value was recorded in 2019 at 48,592 thousand US dollars, which also saw the largest increase of 32.6%.

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

Throughout 2017–2020, the Philippines, Thailand, and Indonesia remained the primary markets for coconut imports into Oceania in value terms, together accounting for 84.3% of total import flows.

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

World map of product's imports to Oceania in value, 2017-2020