In 2023, the coconut oil supply in Malaysia stood at 262.0 thousand metric tons. Forecasted data indicates a steady growth trend, with values projected to reach 264.0 thousand metric tons in 2024, 266.0 in 2025, and continuing to rise incrementally each year to 270.0 thousand metric tons by 2028.
Year-on-year variations reflect a consistent growth of about 0.76% from 2024 to 2025, 0.38% from 2025 to 2026, and 0.75% from 2026 to 2027. Over the last two years, the average annual growth rate (CAGR) is estimated at around 0.76%.
Future trends to watch for:
- Possible impact of climate change on coconut production.
- Technological advancements in agricultural practices.
- Changes in global demand for coconut oil and related price fluctuations.
