In 2023, the Philippines continued to dominate the global coconut oil export market with a 45.57% volume share, despite a slight decrease of 0.83%. Indonesia followed, although its volume share decreased by 2.89%. The Netherlands saw a growth of 3.48% in its share. Malaysia's contribution declined by 6.11%, whereas Papua New Guinea and the United States experienced moderate growth. Notably, India increased its volume share significantly by 7.39%.
Looking forward, the global coconut oil export market will likely observe shifts with emerging players like India expanding their shares. Volatility in major suppliers like the Philippines and Indonesia might lead to further market diversification. Close attention to environmental factors and sustainability practices may also influence future market dynamics.
Top countries in Coconut Oil Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 45.57 | 2023 | +0.22% | -0.83% | View data |
| 2 | 2 Indonesia | 29.03 | 2023 | -1.69% | -2.89% | View data |
| 3 | 3 Netherlands | 13 | 2023 | +2.76% | +3.48% | View data |
| 4 | 4 Malaysia | 4.43 | 2023 | -5.32% | -6.11% | View data |
| 5 | 5 Papua New Guinea | 1.2 | 2023 | 0% | +1.76% | View data |
| 6 | 6 United States | 1.15 | 2023 | -4.17% | +1.84% | View data |
| 7 | 7 Sri Lanka | 1.1 | 2023 | +4.76% | +4.1% | View data |
| 8 | 8 Germany | 0.6 | 2023 | -7.69% | -5.59% | View data |
| 9 | 9 Vietnam | 0.55 | 2023 | +10% | +4.1% | View data |
| 10 | 10 Spain | 0.55 | 2023 | +10% | 0% | View data |
