Belgium's coconut oil export volume data reveals a steady increase from 2014 to 2016, peaking at 5.0 thousand metric tons. Variations occurred between 2017 and 2019, stabilizing at 4.0 thousand metric tons from 2020 to 2023. The volume in 2023 maintained the same level as the previous year, showcasing no year-on-year change, but reflected a CAGR of 5.92% over the last five years.
Key Annual Variations:
- 2014: 0% YoY
- 2015: 200% YoY
- 2016: 66.67% YoY
- 2017: -20% YoY
- 2018: -25% YoY
- 2019: 33.33% YoY, 31.95% CAGR
- 2020: 0% YoY, 5.92% CAGR
- 2021: 0% YoY, -4.36% CAGR
- 2022: 0% YoY, 0% CAGR
- 2023: 0% YoY, 5.92% CAGR
Future Trends to Watch For:
Forecasts indicate a stable export volume of 4.0 thousand metric tons until 2026, followed by a rise to 5.0 in 2027 and 2028. This trend, marked by a forecasted 4.56% CAGR and a 25% growth rate over five years, suggests potential market stabilization and gradual growth. Key factors to monitor include global coconut oil demand, trade policies, and market dynamics affecting both production and export conditions in Belgium.
