The demand for coconut oil in the US peaked at 538.0 thousand metric tons in 2014 and has experienced a general decline over the years, dropping to 386.0 thousand metric tons in 2023. Key year-on-year variations include a significant decline in 2017 by 16.17% and a modest increase in 2018 by 11.17%. Over the last five years, the compound annual growth rate (CAGR) shows an average annual decline of 2.5%.

Future trends forecast a continued decline in coconut oil demand, with the value expected to fall to 342.48 thousand metric tons by 2028. The forecasted 5-year CAGR is -1.91%, indicating a decrease of 9.21% from 2023 to 2028.

Future trends to watch for:

Shifts in consumer preferences towards healthier or alternative oils.
Impact of import policies and trade agreements.
Technological advancements in coconut oil production and processing.
Environmental concerns and sustainability practices influencing consumer choices.