Vietnam's coconut industry is in a period of rapid growth

Published 2024년 12월 31일

Tridge summary

Vietnam is planning to increase the production of coconuts to meet the demand from China and the US, which have large populations and high consumption of coconut products. The country aims to have over 30% of its coconut planting area meet GAP standards by 2030 and expects to export fresh coconuts to China, potentially reaching an value of $250 million in 2024. The US imports a significant amount of coconuts from Vietnam, increasing its market share in the country. Logistics companies are playing a key role in exporting Vietnamese coconut products to these markets, and Ben Tre Province, the largest coconut planting area in the country, is focusing on organic coconut planting and value chain cooperation with large enterprises for processing and exporting organic coconut products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coconut is currently one of the six major cash crops in the "Main Cash Crops Development Plan by 2030". The planning goal is that by 2030, more than 30% of the coconut planting area will be produced according to GAP or equivalent standards, and the coconut planting area with planting area codes will reach about 30%. Broad market prospects In mid-August 2024, the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China signed a protocol on plant quarantine requirements for the export of fresh coconuts from Vietnam to China. This important milestone has created a major opportunity for Vietnamese fresh coconuts to open up China, a huge market with a population of more than one billion. Data shows that China consumes about 4 billion coconuts each year, of which about 2.6 billion are fresh coconuts. Although China has a huge demand for coconuts, its production capacity is limited, which provides a broad space for Vietnamese coconuts to ...

Source: Foodmate