The Philippines leads global coconut oil production with 1.73 million metric tons, exhibiting a modest growth of 0.35% in 2023. Indonesia follows with 1.03 million metric tons and a 1.1% increase, showcasing robust growth. India, despite producing 0.573 million metric tons, faced a decline of 0.31%. Vietnam and Thailand saw slight upticks in production, while Sri Lanka experienced a significant drop of 8.61%. Some countries like Bangladesh showed sharply declining trends, with a complete halt in production.
Future trends include expanding production capacities and exploring sustainable practices to meet increasing global demand. Additionally, climate change impacts and technological innovations will significantly influence production dynamics across countries.
Top countries in Coconut Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 1,730 | 2023 | +3.72% | +0.35% | View data |
| 2 | 2 Indonesia | 1,030 | 2023 | +0.39% | +1.1% | View data |
| 3 | 3 India | 573 | 2023 | +0.53% | -0.31% | View data |
| 4 | 4 Vietnam | 182 | 2023 | 0% | +0.22% | View data |
| 5 | 5 Papua New Guinea | 44 | 2023 | -18.52% | -2.52% | View data |
| 6 | 6 Sri Lanka | 44 | 2023 | 0% | -8.61% | View data |
| 7 | 7 Thailand | 43 | 2023 | -23.21% | +0.47% | View data |
| 8 | 8 Mexico | 29 | 2023 | 0% | +2.21% | View data |
| 9 | 9 Ivory Coast | 20 | 2023 | 0% | 0% | View data |
| 10 | 10 Malaysia | 18 | 2023 | 0% | 0% | View data |
