In 2023, the global coconuts and copra processing industry is led by the Philippines with a substantial share of 35.32 thousand metric tons, followed by Indonesia and India with 28.94 and 10.43 thousand metric tons, respectively. Over the past year, the Philippines experienced a slight decline of 1.45%, while Indonesia and India saw decreases of 1.76% and 3.46%. Mexico, Vietnam, and Bangladesh displayed marginal increases. Countries like Mozambique, Ghana, and Guyana showed more pronounced growth in production.
Future trends to watch include the potential for increased production in African nations due to favorable climatic conditions for coconut farming and interest in diversifying agricultural exports. Sustainable and environmentally friendly practices are expected to become more prevalent, potentially affecting production methods and market dynamics across leading and emerging countries in the space.
Top countries in Coconuts and Copra Processing Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 35.32 | 2023 | -0.35% | -1.45% | View data |
| 2 | 2 Indonesia | 28.94 | 2023 | -0.6% | -1.76% | View data |
| 3 | 3 India | 10.43 | 2023 | -2.48% | -3.46% | View data |
| 4 | 4 Mexico | 4.98 | 2023 | +0.19% | +0.14% | View data |
| 5 | 5 Vietnam | 4.36 | 2023 | +0.44% | +0.79% | View data |
| 6 | 6 Bangladesh | 2.8 | 2023 | +1.39% | +0.7% | View data |
| 7 | 7 Sri Lanka | 2.11 | 2023 | +1.39% | +1.48% | View data |
| 8 | 8 Malaysia | 1.38 | 2023 | -4.01% | -3.28% | View data |
| 9 | 9 Thailand | 1.09 | 2023 | 0% | -0.43% | View data |
| 10 | 10 Mozambique | 1.09 | 2023 | +2.25% | +2.77% | View data |
