The coffee and tea industry such as beverage companies has a huge demand for concentrated juice and original juice from lemons, oranges, peaches, and other products. This concentrated juice requires primary processing and deep processing of primary agricultural products in processing factories. Processed semi-finished products can be used to produce beverages after processing.
In 2021, China's imported coconuts mainly came from Thailand and Indonesia. The share of coconuts imported from Thailand and Indonesia will account for more than 88%, and the rest will be imported from Vietnam, the Philippines, and Malaysia respectively.
As the beverage market in China grows, so does the demand for coconuts. Coupled with the lack of domestic coconut production, China's coconut imports continued to maintain rapid growth. According to customs data, China's imported coconuts will increase by 37.4% YoY in 2021. In the first quarter of 2022, the import volume of coconuts will increase by 35.1% YoY. At the same time, the average unit price of coconut imports will reach USD 0.58/kg, a YoY increase of 14.7%.