Hungarian businesses have urged their Indonesian counterparts to export more coconut products to their country. “Today’s coconut supplies from around the world, including Indonesia, don’t meet demand in Hungary and other countries in central and eastern Europe,” said Hungarian businessman Adam Kapas, whose company Mayers Kft is a major Indonesian coconut importer. “The high demand [for coconut products] and short supplies lead to continuing increases in prices, especially for coconut oil, which increased between 7 and 10 percent each month in 2016,” he added.
Adam estimates that Hungary needs 1.5 million liters of coconut milk and 500,000 liters of coconut oil per year. This demand is currently insufficiently met. At the moment, Indonesian coconut exports to Hungary include coconut cooking oil, desiccated coconut, coconut water, coconut cream, coconut milk and coconut sugar. Data from the Indonesian Ministry of Trade shows that Indonesian coconut product exports saw healthy growth in past years. Export value increased nearly 15 percent as of October 2016 from the same period in 2015. Against the background of great demand in Eastern Europe, this development is likely to continue, which offers great opportunities for businesses from both sides.