In 2023, Malaysia's coconut oil export volume was 89.21 thousand metric tons. As we look into the forecasted data, there is a consistent year-on-year decline expected through 2028. Specifically, the volume is projected to drop to 83.37 thousand metric tons in 2024, representing a 6.6% decrease from 2023. By 2025, the volume is expected to further reduce to 77.9 thousand metric tons, a 6.6% decrease from the previous year. The trend continues with a drop to 72.55 thousand metric tons in 2026 (a 6.9% decrease), followed by 67.3 thousand metric tons in 2027 (a 7.2% decrease), and finally 62.16 thousand metric tons in 2028 (a 7.6% decrease).
Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is estimated to be approximately -6.8% per year, indicating a steady decline in export volumes.
Future trends to watch for include changes in global demand for coconut oil, environmental impacts affecting coconut production, and potential policy shifts in Malaysia regarding agricultural exports. These factors could significantly influence future export volumes beyond current forecasts.
