Key Market Indicators
Venezuelan coconut oil consumption is expected to reach just over 3 thousand metric tons by 2026. It was at 4 thousand metric tons in 2021, a decrease of 5.3% compared to the previous year. Since 2017, demand has fallen by 7.2% each year. In 2021, Venezuela ranked 28th in terms of coconut oil consumption. Uzbekistan was ahead at 4 thousand metric tons. China, the Philippines and Vietnam occupied the top three spots in the ranking.
