In 2023, Indonesia, the Philippines, and India led in global coconut and copra demand, collectively dominating the market. However, Indonesia and the Philippines faced a slight decline while India's demand rose. Vanuatu and Guyana showed significant year-on-year growth. Conversely, Thailand and Brazil recorded notable declines. Over the past five years, demand trends were volatile across countries, influenced by economic, climatic, and market factors.
Future trends indicate a shifting demand landscape, with emerging markets like Bangladesh and Kenya gaining traction. Sustainable practices and value-added coconut products may further shape global consumption patterns.
Top countries in Coconuts and Copra Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 15,380 | 2023 | -0.64% | -0.61% | View data |
| 2 | 2 Philippines | 14,370 | 2023 | +0.12% | -0.14% | View data |
| 3 | 3 India | 11,740 | 2023 | +0.41% | +0.11% | View data |
| 4 | 4 Sri Lanka | 2,330 | 2023 | -0.68% | -0.89% | View data |
| 5 | 5 Brazil | 2,100 | 2023 | -2.09% | -2.27% | View data |
| 6 | 6 Vietnam | 1,380 | 2023 | +0.88% | +1.63% | View data |
| 7 | 7 Mexico | 1,360 | 2023 | +0.96% | +0.98% | View data |
| 8 | 8 China | 861 | 2018 | View data | ||
| 9 | 9 Papua New Guinea | 796 | 2023 | -1.36% | -1.47% | View data |
| 10 | 10 Bangladesh | 629 | 2023 | +1.45% | +0.75% | View data |
