The data for coconut oil export in Indonesia shows a forecasted decline from 2024 to 2028. In 2023, the export volume stood at 644.0 thousand metric tons. The year-on-year variation for 2024 indicates a slight decrease of approximately 0.15% compared to 2023. The same trend continues with minor decreases each subsequent year: 0.16% between 2024 and 2025, stability from 2025 to 2026, a 0.16% decline from 2026 to 2027, and a further 0.16% decline from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the forecast period indicates an average decrease of approximately 0.2% per year.
Future trends to watch for include potential shifts in global demand for coconut oil, changes in Indonesian agricultural policies, and advancements in agricultural technology that could impact production efficiency and export capacity. External factors such as changes in trade agreements, economic conditions, and environmental issues should also be monitored as they could significantly influence the market dynamics.
