Coconut Price Trend and Forecast

Coconut Price Overview

Get the latest insights on price movement and trend analysis of Coconut in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Coconut Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Coconut Agriculture, Farming and Commodity Malaysia 698 USD/MT March 2024
Coconut Agriculture, Farming and Commodity Indonesia 678 USD/MT March 2024
Coconut Agriculture, Farming and Commodity Philippines 646 USD/MT March 2024

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Coconut Price Trend for the Second Half of 2023

Product Category Region Price Time Period
Coconut Agriculture, Farming and Commodity Indonesia 600 USD/MT (Indonesia, EXW) July 2023
Coconut Agriculture, Farming and Commodity Indonesia 645 USD/MT December 2023
Coconut Agriculture, Farming and Commodity Malaysia 645 USD/MT July 2023
Coconut Agriculture, Farming and Commodity Malaysia 680 USD/MT December 2023

Stay updated with the latest Coconut prices, historical data, and tailored regional analysis

The coconut prices were observed to be fluctuating within a narrow range during the said period of the year 2023. In the Indonesian market, the monthly average prices for coconut went from around 600 USD/MT (Indonesia, EXW) in July to about 645 USD/MT in December’23. Similarly, in the Malaysian market, the monthly average prices (Malaysia, CIF) went from around 645 USD/MT (Malaysia, CIF) in July to about 680 USD/MT in December’23.

Coconut Price Chart

Coconut Price Trends and Forecast

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The general market sentiments were largely positive despite some reverse fluctuations during the time of quarter change. To support the robustness of the Indian coconut market, the Government of India approved a 2.7% rise in the MSP of milling copra and a 2% rise in the ball copra. These initiatives are supporting the projections of the coconut market in the coming months. Overall, positive market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the Coconut price trends are expected to rise going forward, given the current supportive supply and demand dynamics.

Coconut Price Trend for the First Half of 2023

In India, the production of coconut took a downward trend in the first two quarters of 2023, which affected its market availability. The rates of exports, however, grew by almost 10%, which further depleted the inventory levels. However, the export routes were disrupted by feeble cargo movement and the reluctance of shipping lines to deliver the product to Russia, which, along with Ukraine, forms almost 75 percent of the export volumes of coconut from India.

Thus, the result of low production and high demand from both domestic and international markets positively affected the growth of coconut prices, especially in the first quarter. The rise in the prices of coconut in some of the regions was by almost 50%. The trend, however, slowed down towards the end months of the second quarter after the market reached its saturation point.

Analyst Insight

According to Procurement Resource, the price of Coconut is expected to oscillate with the availability of the product in the markets and its demand.

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About Coconut

Coconut belongs to the family Arecaceae (palm family). The coconut fruit is a drupe comprising a fibrous husk, a hard shell, and white, edible endosperm with coconut water inside. Coconuts are widely cultivated in tropical regions and are used for various purposes, including food, beverages, cosmetics, and industrial applications.

Coconut Product Details

Report Features Details
Product Name Coconut
Supplier Database Edward and Sons Trading Company, Mahavir Coconut Industries (MaxCare), Greenville Agro, Hain Celestial Group, Barlean’s Organic Oils LLC, Nutiva, Inc
HS Code 08011200
Synonyms Cocos nucifera (scientific name)
Industrial Uses Food and beverage (coconut oil, milk, water, desiccated coconut, flour, sugar), cosmetics and personal care (skincare, hair care, soaps, lotions, lip balms), pharmaceutical and healthcare (dietary supplements, herbal remedies), biofuel production (biodiesel, industrial lubricants, machinery lubricants), textile (ropes, mats, carpets), construction and building materials (coconut timber). 
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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