Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China - 2023
Contents:
- Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (CIF) - 2023
- Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (FOB) - 2022
- Imports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China
- Exports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China
Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (CIF) - 2023
The average import price for nuts, edible; coconuts, in the inner shell (endocarp)s stood at $440 per ton in December 2023, falling by -1.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 24% against the previous month. Over the period under review, average import prices reached the maximum at $621 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($683 per ton), while the price for Vietnam ($261 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (FOB) - 2022
The average export price for nuts, edible; coconuts, in the inner shell (endocarp)s stood at $1,833 per ton in 2022, waning by -18.1% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 43%. As a result, the export price reached the peak level of $2,239 per ton, and then shrank significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($12,901 per ton), while the average price for exports to Macao SAR ($775 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China
In 2022, the amount of nuts, edible; coconuts, in the inner shell (endocarp)s imported into China soared to 1.1M tons, picking up by 23% on the year before. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of nuts, edible; coconuts, in the inner shell (endocarp)s skyrocketed to $571M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 201 | 190 | 284 | 416 | 27.4% |
Indonesia | 33.1 | 69.9 | 117 | 92.5 | 40.9% |
Vietnam | 48.4 | 28.9 | 42.0 | 60.6 | 7.8% |
Philippines | 3.3 | 5.9 | 8.8 | 1.5 | -23.1% |
Others | 0.2 | 0.6 | 0.1 | 0.3 | 14.5% |
Total | 286 | 295 | 452 | 571 | 25.9% |
Top Suppliers of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) to China in 2022:
- Thailand (522.6K tons)
- Indonesia (322.4K tons)
- Vietnam (221.3K tons)
- Philippines (4.3K tons)
Exports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China
For the fourth consecutive year, China recorded growth in overseas shipments of nuts, edible; coconuts, in the inner shell (endocarp)s, which increased by 2.2% to 25 tons in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of nuts, edible; coconuts, in the inner shell (endocarp)s fell significantly to $46K in 2022. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 174%. As a result, the exports attained the peak of $54K, and then reduced remarkably in the following year.
Export of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brunei Darussalam | 23.9 | 15.1 | 43.2 | 25.9 | 2.7% |
Macao SAR | 1.6 | 0.2 | 8.7 | 16.5 | 117.7% |
Canada | N/A | N/A | N/A | 1.3 | 0% |
Nigeria | N/A | 4.3 | N/A | N/A | 0% |
Sweden | 0.6 | N/A | N/A | N/A | 0% |
Malaysia | N/A | N/A | 1.1 | N/A | 0% |
Saudi Arabia | N/A | N/A | 1.1 | N/A | 0% |
Others | 2.3 | 0.3 | 0.3 | 1.9 | -6.2% |
Total | 28.4 | 19.9 | 54.4 | 45.6 | 17.1% |
Top Export Markets for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) from China in 2022:
- Macao SAR (21.2 tons)
- Brunei Darussalam (2.0 tons)
- Canada (0.9 tons)
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