What's Fueling the Rise in Coconut Export from India? Coconuts hold a special place in India, being widely loved and recognized globally as one of its top producers. They find extensive use in various sectors like food, cosmetics, pharmaceuticals, and agriculture.
India produces a staggering 21,500 million tonnes of coconuts annually, contributing significantly to the export market. States such as Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh are key players in coconut export from India.
The global demand for coconuts has led to a notable rise in India's coconut exports. Now, let's delve deeper into the dynamics of fresh coconut export from India, exploring trends, challenges, and potential opportunities. We'll also provide insights like coconut export data, key players in India's coconut export scene, export data, coconut HS codes, and other relevant details.
Moving to coconut production in India for 2023 The country witnessed a remarkable increase, churning out 13.5 million metric tonnes of coconuts, securing the third spot globally. India's contribution accounted for 31.45% of the world's coconut production, equivalent to around 19,247 million coconuts, indicating its rising significance in the global export market.
Exploring Coconut Trade in India Let's dive into the realm of coconut trade within India.
Is exporting coconuts a lucrative business? Absolutely. Especially for Indian businesses, known for their prominence as one of the largest exporter of coconuts. The profitability of venturing into the coconut industry varies based on factors such as the type of enterprise, its size, and its location.
India experienced a remarkable uptick in exports of coconut products, soaring to $391.64 million during the fiscal year 2021–2022. This surge reflects a notable 40.9% boost compared to previous years.
How much coconut does India export? India holds a prominent position as a major supplier of coconuts and coconutrelated products globally. From 2015–16 to 2021–22, India's coconut exports experienced a steady annual growth rate of 13%. In the fiscal year 2021–22 alone, India's coconut exports exceeded Rs. 3,236.83 crore (US$ 393 million), reflecting a remarkable 41% increase compared to the preceding year. Despite a slight decline in prices, India's coconut product exports have seen significant expansion this year. Government data indicates that coconut product exports during the fiscal year 2022–23 amounted to Rs. 3554.23 crore.
Now, let's examine the coconut export data.
Based on the available data, India exported a total of 6.2K coconuts, dispatched by 450 Indian exporters to 838 buyers. India primarily ships its coconuts to China, the United Arab Emirates, and Qatar, solidifying its position as the world's foremost coconut exporter.
The top three countries in coconut exports include India with 6,233 shipments, followed by Thailand with 5,193, and Singapore with 2,003 shipments.
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coconut hs code: 53050010,
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coconut hs code: 08011910,
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coconut hs code: 08011100.
Looking into the leading coconut exporting countries worldwide, India stands out at the forefront, surpassing its competitors in this industry. Let's delve into the top coconut exporting countries. Among these contenders are:
1. Philippines 2. Indonesia 3. India 4. Vietnam 5. Brazil 6. Sri Lanka 7. Papua New Guinea
8. Mexico 9. Thailand
10. Dominican Republic These nations dominate the coconut export market. For the latest statistics on fresh coconut export from India or detailed coconut export data, Seair Exim Solutions is your go-to source. They offer timely updates on Indian coconut exports, coconut hs code, and exporter information.
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Interested in launching your own coconut export business? Here's a guide to get you started: To initiate your coconut export venture in India, you'll first need to gather essential documents such as: •
Consular invoice
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Bill of lading
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Commercial invoice
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Certificate of origin
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Dock receipt and warehouse receipt
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Inspection certification
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Destination control statement
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Export license
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Insurance certificate
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Export packing list
Once you've got your paperwork sorted, here's your next move: 1. Market Research: Before taking the plunge, it's crucial to get a handle on your target market. Understand its potential, scope out competitors, and gauge the demand for coconut products. Platforms like Seair Exim Solutions offer valuable insights into fresh coconut exports from India, updated coconut export data, and reliable information on coconut exporters in India. This makes it a breeze to connect with buyers and suppliers.
2. Meet Legal Requirements: Getting compliant means registering your company with the Ministry of Corporate Affairs (MCA), snagging an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT), and signing up with the Coconut Development Board (CDB).
3. Find Buyers: When you're all set to export coconuts from India, landing buyers in the importing country is key. Platforms like Seair Exim Solutions are your ticket to connecting with potential buyers.
4. Ensure Safe Shipping: To guarantee your coconuts reach their destination unscathed, team up with a trustworthy freight forwarder. Seek out those with competitive pricing and a stellar track record, backed by glowing client feedback, demonstrating their reliability and integrity in the field. By following these essential steps for coconut export from India, traders can confidently tap into the global coconut market.
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Are you on the hunt for coconut importers for your enterprise?
To broaden the scope of your coconut export endeavor, set your sights on potential buyers abroad. Check out Seair Exim Solutions' data-driven
dashboard for access to invaluable coconut buyer data and coconut export intel.
Exporting coconuts presents a golden opportunity to meet the surging global demand for this tropical delight. By embracing the strategies outlined and tapping into vital resources like Seair Exim Solutions, budding exporters can carve out a profitable niche in the flourishing coconut sector.
Whether you're after the freshest coconut export data from India, insights into coconut exporters in India, information on coconut exports, or the coconut HS code, Seair Exim Solutions delivers comprehensive market intelligence to guide you through the current trends and propel your business onto the global stage. Secure your free live demo today.
