In 2023, the coconut oil supply in Indonesia stood at 1.31 million metric tons. The forecast for 2024 to 2028 shows a steady increase from 1.32 to 1.37 million metric tons, indicating a consistent upward trend. Year-on-year variations over the last two years reveal slight increases of 0.76%, 1.50%, 0.74%, and 0.74% respectively. The last CAGR (Compound Annual Growth Rate) averages to a 0.91% annual increase over the five-year period from 2023 to 2028.
Future trends to watch for include potential impacts of climate change on coconut yield, shifts in global demand for coconut oil, and advancements in agricultural technology that may affect production efficiency and supply stability in Indonesia.
