The coconut industry comprises of more than 11 million farmers who grow coconut trees in 93 countries in an area the size of 12.196 million hectares. Nearly 90 percent of the global area occupied by coconut trees is located in the Asia-Pacific region, which is geographically close to Australia.
How big is the coconut industry?
The coconut products market size was valued at $11.5 billion in 2018, and is estimated to reach $31.1 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026.
| Aspects | Details |
|---|---|
| By Form | Solid Liquid |
What are the opportunities of the coconut industry?
There are numerous opportunities within the coconut sector in which small-scale producers can add value to coconut through product diversification, technology improvements and enhanced market access. Production of coconut sugar is one of them.
What is the main product of coconut?
Major Philippine traditional coconut products include copra, copra meal, coconut oil, desiccated coconut, coconut shell charcoal, activated carbon, and oleochemicals. There are also non-traditional coconut products like coco chemicals and coconut food and non-food products.
What is coconut in agriculture?
Coconut (Cocosnucifera) plays a significant role in the agrarian economy of India. Apart from the importance of copra and coconut oil which is widely used in the manufacture of soaps, hair oil, cosmetics and other industrial products, its husk is a source of fibre which supports a sizable coir industry.
Which country is demand for coconut?
Import of Coconuts
| # | 159 Countries | 5‑years CAGR |
|---|---|---|
| 1 | #1 China | +12.5 % |
| 2 | #2 United States | -0.1 % |
| 3 | #3 Netherlands | +8.8 % |
| 4 | #4 Thailand | +26.4 % |
Who is the largest exporter of coconuts?
Indonesia
The Philippines, Indonesia and India produce around 70% of the world’s total copra, with the Philippines and Indonesia also being the world’s main coconut oil exporters.
Coconut production by country.
| Rank | 1 |
|---|---|
| Country/region | Indonesia |
| 2020 | 16,824,848 |
| 2019 | 17,074,536 |
| 2018 | 17,100,000 |
What is the economic importance of coconut?
The coconut tree provides food, fuel, cosmetics, folk medicine and building materials, among many other uses. The inner flesh of the mature seed, as well as the coconut milk extracted from it, form a regular part of the diets of many people in the tropics and subtropics.
What is importance of coconut production?
Coconut, an important perennial crop of the humid tropics, is a multipurpose crop that serves as a source of food, edible oil, refreshing drink, fiber (coir), fodder, and fuel.
Are coconuts profitable?
Because both green and mature coconut have very good market demand and value. Coconut already has an established market demand and value. So, you don’t have to worry much about marketing your products. Commercial coconut farming is a very profitable business.
What are the 10 uses of coconut tree?
Top 10 Ways to Use a Coconut Tree
- Flesh: Milk, Food & Flour.
- Flowers: Medicine.
- Husks: Ropes.
- Sticks: Brooms.
- Wood: Fires in Traditional Kitchens.
- Leaves: Thatching.
- Shells: To Steam Food & Craft.
- Water: A Healthy & Refreshing Drink.
Is coconut a cash crop?
Cash crops are grown and sold for monetary gain and not necessarily for sustenance. They include coffee, tea, coconut, cotton, jute, groundnut, castor, linseed, cocoa, rubber, cassava, soybean, sweet potato, potato, wheat, corn and teff.
Why is coconut called the Tree of Life?
The Coconut tree (scientific name: Cocos Nucifera) is called the “Tree of Life” because all the parts of the entire tree–from top to bottom–are used to sustain human life. It must be the most useful tree in the world, bar none.
How profitable is coconut farming?
Total yield: 25 x 80 = 2,000 nuts per acre. The income from the farm: (total yield x sale price of each nut) = 2,000 x 25 = Rs 50,000. Profit from the farm: (total income – total investment in the 6th year) = Rs 50,000 – Rs 26,400 = Rs 23,600.
Which state is leading producer of coconut?
Production(000 Tonnes)
| Sr No. | State | Production |
|---|---|---|
| 1 | Karnataka | 4,210.87 |
| 2 | Tamil Nadu | 3,751.26 |
| 3 | Kerala | 3,307.78 |
| 4 | Andhra Pradesh | 1,127.27 |
Is coconut a plantation crop?
Option A, ‘Coconut’ is a plantation crop which is grown for the purpose of sale and not for local consumption. They are grown in areas with coastal belts, hilly areas, high amount of rainfall and high humidity.
Which country has the best coconuts?
More coconuts (hundreds of millions!) are exported from Thailand than from any other country in the world, and for good reason. Young Thai coconuts are well known for being the best in the world, even compared to other countries in Southeast Asia.
Which country has best coconut oil?
Philippines
Coconut Oil Production
| # | 73 Countries | Metric Tons |
|---|---|---|
| 1 | #1 Philippines | 1,302,991.00 |
| 2 | #2 Indonesia | 835,267.00 |
| 3 | #3 India | 297,031.00 |
| 4 | #4 Vietnam | 170,879.00 |
What country produces the most coconuts 2022?
Indonesia
The country that produces the most coconuts in the world is Indonesia. Indonesia is a very large chain of islands scattered across the Indian and Pacific Oceans. Indonesia also has a tropical climate, and it is responsible for a significant proportion of coconuts in the world.
Is there a coconut shortage?
The shortage is building – the industry is unable to absorb the available volume of coconuts to process as export products, so the stocks are carried forward to the domestic market.
Which state is famous for coconut?
Kerala
Today Kerala produces roughly 45% of India’s coconuts, with some 92% of total production lying in the southern Indian states and Kerala’s neighbours. The Coconut Development Board which plays an important role in the development of coconut production in India has its headquarters in Kochi, Kerala.