Fresh coconut imports from Vietnam to the US increased by 4 digits

The article highlights the significant growth in the United States' import of fresh coconuts in the first 8 months of 2024, with a 12% increase in volume and 19% increase in value compared to the same period in the previous year, totaling 45 thousand tons and 47 million USD. The main sources of these imports include Mexico, Thailand, Vietnam, Costa Rica, and Dominica, though there has been a notable shift towards Vietnamese coconuts, which have seen a dramatic increase of 1,156% in volume and 934% in value. This change is attributed to the US market opening for Vietnamese coconuts in August 2023, following specific plant quarantine requirements. Conversely, imports from Thailand, the second-largest supplier, have decreased. This trend is expected to bolster Vietnam's position in the US coconut market, particularly as the country aims to capitalize on the growing demand for coconut products in the US, which is projected to reach 6.55 billion USD by 2030 at a CAGR of 6.8% from 2023 to 2030.