THE POSITIVE OUTLOOK AND FAVORABLE CONDITIONS FOR VIETNAM COCONUT INDUSTRY IN THE INTERNATIONAL MARKET
1. THE OPTIMISTIC PROPECTS FFOR VIETNAM COCONUT INDUSTRY ON THE GLOBAL MARKET
The optimistic prospects for Vietnam coconut industry on the global stage.
In 2022, Vietnam’s exports of coconut products exceeded 900 million USD. This figure excludes items crafted from coconut wood and commercial handicraft products utilizing raw materials sourced from coconut trees.
The positive outlook and favorable conditions for Vietnam’s coconut industry worldwide.
At the end of 2022, coconut export turnover was over $700 million. But based on the momentum of the U.S. and China agreeing to import Vietnamese coconuts, around the end of 2024 and early 2025, coconut export turnover will be up to $1 billion.
Vietnam’s coconut export is expected to reach US$1 billion in 2025 after the U.S. and China agree to allow Vietnamese coconuts to enter the two markets, according to the Vietnam Coconut Association.
2. THE VIETNAM COCONUT MARKET SHOWS THE POSITIVE SIGNS
The domestic coconut market has many positive signals after the news that the U.S. officially opened to Vietnamese husked coconut.
After there was information that Vietnam coconut industry can be exported to the U.S., the price of fresh coconuts in the Mekong Delta has increased again.
3. VIETNAM COCONUT INDUSTRY- THE POSITIVE OUTLOOK
VIETNAM COCONUT INDUSTRY serve as a livelihood for approximately 389,530 farming households, and the export value of coconut and its derivatives has surpassed 900 million USD. Vietnam ranks fourth globally in terms of coconut value.
At present, there are 854 specialized enterprises involved in the production and processing of coconut products, with over 90 companies engaged in the export of these products. This COCONUT INDUSTRY collectively provides employment opportunities for over 15,000 individuals.
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