Key Market Indicators
South African consumption of coconut oil is expected to reach 5,400 metric tons by 2026. This represents a 1.2% average annual growth rate since 2021, when it stood at 5,000 metric tons. Since 2017, South African demand has been relatively stable. In 2021, South Africa was the 24th largest consumer of coconut oil, with Taiwan overtaking them at 5,000 metric tons. China, the Philippines and Vietnam followed, in that order.
