In 2023, Indonesia led the global coconut and copra export market with a significant volume share of 36.32 thousand metric tons, supported by a modest year-on-year growth of 0.66%. The Philippines and Thailand follow with shares of 19.3 and 16.52 respectively, showing a decline of 0.61% in the Philippines and a notable increase of 3.39% in Thailand. Papua New Guinea also marks a positive trend with a similar increase of 3.39%.
Countries like Vietnam and Vanuatu displayed opposite trajectories with Vietnam experiencing a decline of 3.87%, while Vanuatu surged by 7.42%. Other significant contributors include India and Malaysia, showing slight increases, contrasted with declines from Sri Lanka and the Dominican Republic. Smaller exporters, like the Netherlands, saw slight growth, while Spain experienced a notable decline of 7.79%.
Future trends to watch include the growth potential in current smaller but rapidly expanding exporters like Vanuatu and Myanmar. Additionally, stabilization in declining regions such as the Dominican Republic and Sri Lanka could also impact the global market shares moving forward.
Top countries in Coconuts and Copra Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 36.32 | 2023 | +1.17% | +0.66% | View data |
| 2 | 2 Philippines | 19.3 | 2023 | -1.07% | -0.61% | View data |
| 3 | 3 Thailand | 16.52 | 2023 | +5.34% | +3.39% | View data |
| 4 | 4 Papua New Guinea | 11.26 | 2023 | +3.12% | +3.39% | View data |
| 5 | 5 Vietnam | 6.6 | 2023 | +0.8% | -3.87% | View data |
| 6 | 6 Vanuatu | 2.7 | 2023 | +4.04% | +7.42% | View data |
| 7 | 7 India | 2.41 | 2023 | -3.16% | +2.58% | View data |
| 8 | 8 Malaysia | 2.07 | 2023 | -2.47% | +1.04% | View data |
| 9 | 9 Sri Lanka | 2.02 | 2023 | -14.44% | -9.94% | View data |
| 10 | 10 Dominican Republic | 2.02 | 2023 | -7.23% | -8.49% | View data |
