Key Market Indicators
Indonesia's coconut oil consumption is projected to reach 55 thousand metric tons by 2026. This is a 6 percent drop from 2021, when the country consumed 79 thousand metric tons. Between 2017 and 2021, Indonesian demand for coconut oil grew by 24 percent each year. In 2021, Indonesia was the fifth-largest consumer of the oil, behind Vietnam, China, the Philippines and Vietnam.
