Desiccated coconuts market in Madagascar

Earlier Report Observations

In 2018, the desiccated coconut market in Madagascar reached 336.8 t, supported by the dominant state-owned enterprise SOAVOANIO SA, which supplied 60% of the national demand for coconut products. The government actively backed the sector through the Ministry of Industrialization, Trade and Consumption, facilitating infrastructure expansion, including plans for 5 000 ha of coconut plantations. However, SOAVOANIO was already implementing a long-term recovery plan due to a significant drop in coconut production, signaling underlying challenges for the industry.

From 2019 to 2020, the market volume declined to 318.2 t. This period saw export prices for coconut oil rise to 1.33 US$/kg in 2019 before falling to 1.17 US$/kg in 2020, reflecting market volatility while the sector remained strategic with continued state support. A sharp price increase to 2.00 US$/kg in 2021 coincided with a slight market recovery to 318.5 t, as producers like SOAVOANIO emphasized quality for cosmetic and food applications and pursued modernization efforts.

The market grew to 323.6 t in 2022, driven by increasing demand for natural and organic coconut products, including desiccated coconut, and sustained government investments in infrastructure and competitiveness. However, by 2023, the market volume fell to 303.9 t, indicating persistent production challenges within the coconut sector.

Production desiccated coconuts in Madagascar

In kind, 2017-2020, t

On a global scale, Madagascar ranked as the 22nd largest producer of desiccated coconuts during the period from 2017 to 2020.

Top producers of desiccated coconuts, 2017-2020

World map of production of desiccated coconuts, 2017-2020

In 2020, Madagascar produced 309.1 tonnes of desiccated coconuts, representing a 3.5% decrease compared to 2019. Over the four-year span from 2017 to 2020, overall production declined by 4.8%, with a compound annual growth rate of 1.6%. The most stable year was 2019, which saw no change in production levels.

Annual dynamics of production in Madagascar in kind, 2017-2020, t

Exports desiccated coconuts from Madagascar

Exports in kind, kg

The export market for desiccated coconuts from Madagascar exhibited significant volatility between 2017 and 2020. Exports reached their lowest point in 2020 at 361 kilograms, a sharp 74.8% drop from the previous year. In contrast, the peak occurred in 2018 with 14 350 kilograms, marking a 373.6% increase from 2017. The year 2019 experienced the largest decline of 90.0%. Overall, the difference between the highest and lowest export volumes was substantial, with a 40-fold gap.

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

From 2017 to 2020, France dominated Madagascar's exports of desiccated coconuts in volume, accounting for 77.4% of total shipments. Other markets played a more limited role in the export structure during this period.

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

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

Exports in value, $ US

The value of desiccated coconut exports from Madagascar showed notable fluctuations from 2017 to 2020. In 2020, shipments amounted to 1 023 US dollars, a 58.8% decrease from the prior year. The highest value was recorded in 2018 at 10 588 US dollars, reflecting a 71.7% increase from 2017. The largest decline occurred in 2019, with a 76.5% drop. Overall, export values varied widely, with a 10.3-fold difference between the peak in 2018 and the trough in 2020.

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

During 2017–2020, France and Hong Kong were the primary destinations for Madagascar's desiccated coconut exports in value terms, together capturing 86.1% of total flows. Other markets accounted for the remaining share.

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

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

Imports desiccated coconuts to Madagascar

Imports in kind, kg

Imports of desiccated coconuts into Madagascar displayed irregular patterns, indicating a volatile market from 2017 to 2020. The lowest volume was in 2020 at 9 469 kilograms, an 18.4% decrease from 2019. The peak occurred in 2018 with 31 003 kilograms, representing a 181.7% increase from 2017. The largest decline was in 2019, falling by 62.6%. Overall, import volumes varied by a factor of 3.3 between the highest and lowest years.

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

Between 2017 and 2020, three key markets—Indonesia, South Africa, and China—collectively supplied 82.0% of Madagascar's total imports of desiccated coconuts by volume.

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

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

Imports in value, $ US

The value of desiccated coconut imports into Madagascar showed marked volatility from 2017 to 2020. In 2020, imports totaled approximately 28 808 US dollars, a significant 45.4% increase from 2019. The minimum value was in 2019 at 19 810 US dollars, while the maximum was in 2018 at 75 515 US dollars, reflecting a 144.5% rise from 2017. The largest decline occurred in 2019, with a 73.8% drop. Overall, import values fluctuated by a factor of 3.8 between the peak in 2018 and the trough in 2019.

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

Throughout 2017–2020, three major markets—Indonesia, South Africa, and France—were central to Madagascar's imports of desiccated coconuts in value terms, together accounting for 82.8% of total flows.

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

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