Key Market Indicators
Iran is forecast to consume 8.35 thousand metric tons of coconut oil by 2026, a 0.6% increase on 2021's figure of 8 thousand metric tons. Iranian demand for the commodity has remained steady since 2017, putting the country at 19th in the global rankings. Cambodia was the only country ahead of Iran in 2021, consuming 8 thousand metric tons. The real powerhouses of coconut oil consumption are China, the Philippines and Vietnam, coming in at 2nd, 3rd and 4th respectively.