The global export market for coconut, palm kernel, and babassu oil is primarily dominated by Indonesia, the Philippines, and Malaysia, contributing significantly larger values compared to other countries. The Netherlands and Thailand also play notable roles, while many other countries contribute modestly to this sector. Year-on-year variations highlight substantial growth from countries like Russia, Poland, and Nigeria. At the same time, substantial decreases were observed in countries like Japan and Mauritius. Singapore showed a slight decline, indicating potential structural changes in trade dynamics. Over the last five years, the Compound Annual Growth Rate (CAGR) shows an average moderate growth, but with some countries experiencing very high increases or significant declines.
Future trends to watch in the global export market for coconut, palm kernel, and babassu oil include emerging growth in new markets due to increasing demand for organic and sustainable oils. The geopolitical landscape, environmental regulations, and technology-driven production may further shape export dynamics, especially from leading exporters like Indonesia and the Philippines. Attention to innovation and sustainability will likely drive competitiveness among exporters. Monitoring these evolving factors will be crucial to understanding and predicting the future market trajectory.
Top countries in Export of Coconut, Palm Kernel and Babassu Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 2,932,200,000 | 2023 | +2.12% | +3.88% | View data |
| 2 | 2 Philippines | 1,264,200,000 | 2023 | +1.28% | +3.63% | View data |
| 3 | 3 Malaysia | 919,430,000 | 2023 | +0.73% | +2.46% | View data |
| 4 | 4 Netherlands | 531,530,000 | 2023 | +2.62% | +4.72% | View data |
| 5 | 5 Thailand | 145,950,000 | 2023 | +3.21% | +4.55% | View data |
| 6 | 6 United States | 105,880,000 | 2023 | +3.45% | +5.52% | View data |
| 7 | 7 Colombia | 104,450,000 | 2023 | +3.64% | +4.14% | View data |
| 8 | 8 Germany | 95,530,000 | 2023 | +3.34% | +4.34% | View data |
| 9 | 9 Canada | 48,659,000 | 2023 | +3.32% | +3.15% | View data |
| 10 | 10 Costa Rica | 32,404,000 | 2023 | +3.37% | +4.55% | View data |
