In 2023, the United States led the global coconut oil import volume with 21.99 thousand metric tons, despite a 1.86% year-on-year decline. The Netherlands followed with 19.53 thousand metric tons, experiencing a slight increase of 0.95%. Malaysia saw a decrease of 1.71%, importing 8.94 thousand metric tons, while Germany and China, both at 7.63 thousand metric tons, showed decreases of 5.15% and 0.26%, respectively. Italy (4.07 thousand metric tons) and France (3.01 thousand metric tons) experienced modest growth. Among major importers, Canada showed the highest year-on-year growth at 1.55%.
Future trends to watch:
• The fluctuating import volumes in major markets like the US and Germany signal potential volatility.
• Emerging markets such as Brazil and Mexico are expected to continue their strong growth trends.
• Trade policies and health trends advocating for natural oils could significantly alter future demand and supply dynamics.
• Monitoring developments in key exporting regions will be crucial to predicting shifts in global import volumes.
Top countries in Coconut Oil Import Volume Share by Country (Thousand Metric Tons)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 United States | 21.99 | 2023 | -1.57% | -1.86% | View data |
2 | 2 Netherlands | 19.53 | 2023 | +1.57% | +0.95% | View data |
3 | 3 Malaysia | 8.94 | 2023 | 0% | -1.71% | View data |
4 | 4 Germany | 7.63 | 2023 | -2.56% | -5.15% | View data |
5 | 5 China | 7.63 | 2023 | 0% | -0.26% | View data |
6 | 6 Italy | 4.07 | 2023 | +1.25% | +0.5% | View data |
7 | 7 France | 3.01 | 2023 | +1.69% | +0.34% | View data |
8 | 8 South Korea | 2.71 | 2023 | 0% | -1.08% | View data |
9 | 9 Belgium | 2.51 | 2023 | 0% | +0.82% | View data |
10 | 10 Spain | 2.16 | 2023 | +2.38% | +0.47% | View data |