The United States holds the largest share of global coconut oil non-food uses, standing at 41.39 thousand metric tons in 2023 but experiencing a slight 2.77% decrease year-on-year. Malaysia, with a minor increase, and Vietnam follow as significant contributors. Emerging trends in countries like Mexico and Fiji show substantial growth at 8.13% and 10.76% respectively. Meanwhile, Slovakia and French Polynesia also witness strong growth at 14.87%. Notably, Kiribati reported a significant dip by 100%. Overall, the sector experienced varied growth rates with certain regions indicating stability while others adapt to specific market dynamics.
Future trends to watch include increased investment in emerging economies like Benin due to substantial growth, aligning with sustainable product development across regions. Observing changes in larger markets like the United States will be crucial, especially concerning their efforts to reverse recent declines. Monitoring the global policies impacting non-food industrial applications of coconut oil, including eco-friendly policies, can shed light on potential shifts in consumption patterns and production globally.
Top countries in Coconut Oil Non-food Uses Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 41.39 | 2023 | -2.61% | -2.77% | View data |
| 2 | 2 Malaysia | 10.28 | 2023 | +2.78% | +0.27% | View data |
| 3 | 3 Vietnam | 7.36 | 2023 | 0% | +0.38% | View data |
| 4 | 4 Netherlands | 5.14 | 2023 | 0% | -3.41% | View data |
| 5 | 5 Mexico | 4.72 | 2023 | +6.25% | +8.13% | View data |
| 6 | 6 Italy | 4.58 | 2023 | 0% | 0% | View data |
| 7 | 7 France | 3.61 | 2023 | 0% | 0% | View data |
| 8 | 8 United Kingdom of Great Britain and Northern Ireland | 2.5 | 2023 | |||
| 9 | 9 Russia | 2.5 | 2023 | -5.26% | -3.93% | View data |
| 10 | 10 Germany | 2.5 | 2023 | 0% | -4.78% | View data |
