The coconut and copra export volume in Spain stood at 2.0 thousand metric tons in 2023, showing no year-on-year variation from 2022. Over the last two years, the volume has remained stable. However, looking at the period from 2019 to 2023, the compound annual growth rate (CAGR) was -7.79%, indicating a general decline in exports during this time.
From 2014 to 2018, the export volumes fluctuated significantly, experiencing periods of stability, decline, and recovery, culminating in a volatile trend. The volume reached peak values in 2014 and 2015 but saw a sharp decline in 2016, followed by some recovery in 2017 and 2018.
From 2019 to 2023, the volume stabilized around 2.0 thousand metric tons, except for a brief reduction in 2020. The forecasted data from 2024 to 2028 predict a continued downward trend, with the volume projected to decrease to 1.0 thousand metric tons by 2028. This forecast shows a negative CAGR of -12.94% over the next five years, leading to a decreased aggregate of 50% from the current level by 2028.
Future trends to watch for include potential shifts in global coconut and copra demand, changes in agricultural practices or yield in Spain, possible trade policy adjustments, and external economic factors that may impact export volumes. Continued monitoring of these factors will be crucial for more accurate forecasting and strategic planning.
