Africa: Coconut Market 2024

Coconut Market Size in Africa

The African coconut market stood at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Coconut Production in Africa

In value terms, coconut production rose significantly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Ghana (X tons), Tanzania (X tons) and Mozambique (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average coconut yield in Africa dropped slightly to X tons per ha, standing approx. at 2021 figures. Overall, the yield showed a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the coconut yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coconuts production in Africa was estimated at X ha, growing by X% on 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to coconut production attained the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Coconut Exports

Exports in Africa

In 2022, approx. X tons of coconuts were exported in Africa; which is down by X% compared with 2021. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank remarkably in the following year.

In value terms, coconut exports contracted significantly to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Cote d'Ivoire prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Ghana (X tons) and Sao Tome and Principe (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Sao Tome and Principe (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Sao Tome and Principe emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest coconut supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Sao Tome and Principe (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Sao Tome and Principe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Coconut Imports

Imports in Africa

In 2022, purchases abroad of coconuts was finally on the rise to reach X tons after three years of decline. Overall, imports saw a strong expansion. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, coconut imports surged to $X in 2022. In general, imports saw measured growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Burkina Faso (X tons) was the key importer of coconuts, comprising X% of total imports. Nigeria (X tons) ranks second in terms of the total imports with an X% share, followed by Mauritius (X%), Niger (X%) and South Africa (X%). The following importers - Algeria (X tons), Senegal (X tons), Morocco (X tons), Mali (X tons), Egypt (X tons), Libya (X tons) and Angola (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to coconut imports into Burkina Faso stood at X%. At the same time, Mali (X%), Nigeria (X%), Niger (X%), Angola (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco and South Africa experienced a relatively flat trend pattern. By contrast, Libya (X%), Mauritius (X%), Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Nigeria (X p.p.), Niger (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.), Libya (X p.p.), South Africa (X p.p.), Algeria (X p.p.), Egypt (X p.p.) and Mauritius (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported coconuts in Africa, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, coconut imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :