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Coconut Price Trend and Forecast

Regional 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 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.

Coconut Price Trends and Forecast

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 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.

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.

Methodology

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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

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Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

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Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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