The demand for coconuts and copra in Vietnam stood at 1.38 million metric tons in 2023. Forecasted figures indicate a steady year-on-year growth from 1.39 million metric tons in 2024 to 1.43 million metric tons by 2028. Specifically, the year-on-year growth rates are as follows: 0.72% from 2024 to 2025, 0.71% from 2025 to 2026, 0.71% from 2026 to 2027, and 0.70% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 0.72%.
Future trends to watch for include potential shifts in consumer preferences towards value-added coconut products, technological advancements in copra processing, and changes in trade policies impacting imports and exports. Environmental factors, such as climate change, could also affect production levels and ultimately influence demand.
