A market study report entitled “An overview of the market for Pacific Island coconut products and the ability of industries to respond” was launched on 25 January 2018 in Port Vila, Vanuatu. The market study reports on non-traditional coconut products such as virgin coconut oil (VCO), coconut water, coconut cream products and coconut timber/veneer and their potential for coconut producers in the region.
As per the findings via the market study, there are essentially four broad markets for coconut products, based on four core coconut value chain strands namely:
- Coconut food
- Coconut oleo chemical
- Coconut water and
Coconut oil still remains the main coconut product entering international trade where it is being used as either food or as a chemical product. Findings also indicate an explosion of products within the mentioned coconut value chains in the last 20 yrs.
The report is now available here.
This market study was supported by the CIDP project which is a part of the African, Caribbean and Pacific Group of States (ACP) commodities programme funded by the EU through the ACP Secretariat in Brussels and implemented by the Pacific Community (SPC).
The CIDP’s main focus is strengthening the competitiveness of small producers engaged in coconut value chains throughout the Pacific region, through strengthened national and regional integration of related markets and intensification of production, diversification of coconut processing and marketing.