Coconuts market in Solomon Islands

Earlier Report Observations

The coconut market volume in Solomon Islands demonstrated remarkable stability throughout the 2018-2023 period, consistently hovering at the 120 thousand ton level. Domestic production, which is the sole determinant of market size given negligible import and export activity, held steady at 120 Kt each year, underpinning this consistent supply.

A minor deviation occurred in 2019 when the market volume dipped slightly to 119.9 thousand tons, corresponding to a small export of 0.1 Kt. This movement represented a change of less than 0.1%, indicating market stabilization rather than a meaningful decline. Volumes returned to and remained at 120 thousand tons from 2020 onward, completing a multi-year trend of minimal fluctuation.

Production coconuts in Solomon Islands

In kind, 2017-2020, K t

From 2017 to 2020, the Solomon Islands ranked as the 24th largest producer of coconuts globally.

Top producers of coconuts, 2017-2020

World map of production of coconuts, 2017-2020

In 2020, coconut production in the Solomon Islands remained stable at 120 000 tonnes, showing no significant change from 2019. The most notable fluctuation occurred in 2018, with both the largest decline and increase recorded at 0.0%.

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

Exports coconuts from Solomon Islands

Exports in kind, kg

Coconut exports from the Solomon Islands exhibited volatility between 2017 and 2020. Shipments reached their lowest point in 2018 at 3 844 kg, then surged to a peak of 75 756 kg in 2019—a 20-fold increase. In 2020, exports dropped sharply to 24 000 kg, marking a 68.3% decline from the previous year. The most significant growth was recorded in 2019, with a 1 870.9% increase.

Annual dynamics of product's exports from Solomon Islands in kind, 2017-2020, kg

Between 2017 and 2020, Australia was the primary and nearly exclusive market for coconut exports from the Solomon Islands, accounting for 99.1% of total shipments.

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

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

Exports in value, $ US

Coconut export values showed noticeable fluctuations during this period. The lowest value was recorded in 2017, while the highest peaked in 2019—representing an 11.1-fold difference. In 2020, exports fell sharply to 23 525 US dollars, a 69.7% decrease from 2019. The maximum value reached 77 659 US dollars in 2019, which also saw the largest increase at 513.2%.

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

From 2017 to 2020, coconut export revenues from the Solomon Islands were almost entirely concentrated in Australia, which accounted for 99.2% of total value.

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

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

Imports coconuts to Solomon Islands

Imports in kind, kg

Coconut imports to the Solomon Islands declined over two years before rebounding in 2020. The lowest volume was recorded in 2019 at 24 365 kg, which also saw the largest decline of 42.1%. Imports then rose to 33 363 kg in 2020, a sharp 36.9% increase from the previous year. Overall, between 2017 and 2020, imports decreased by 25.8%, equivalent to an annualized rate of 9.5%.

Annual dynamics of product's imports to Solomon Islands in kind, 2017-2020, kg

Between 2017 and 2020, Australia and New Zealand dominated coconut imports to the Solomon Islands, together representing 92.7% of total volume, with other suppliers accounting for relatively small shares.

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

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

Imports in value, $ US

Coconut import values to the Solomon Islands varied during this period. The minimum was recorded in 2019 at 72 854 US dollars, which also saw the largest decline of 24.9%. The maximum value reached 97 009 US dollars in 2018. In 2020, imports rose to 91 051 US dollars, a 25.0% increase from 2019. Over the 2017–2020 period, import values grew by 14.6%, with a compound annual growth rate of 4.6%.

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

From 2017 to 2020, Australia and New Zealand were the main sources of coconut imports by value to the Solomon Islands, jointly accounting for 95.1% of total flows, while other markets made up the remainder.

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

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