The global coconut oil export market is dominated by the Philippines and Indonesia, with the Philippines holding the largest share, although experiencing a slight decline in 2023. Indonesia shows a positive growth trend, counterbalancing its major competitor. Malaysia's export share has significantly decreased. Meanwhile, countries such as Papua New Guinea, India, and Vietnam show healthy growth. Notably, the USA and Canada have shown positive growth trends among non-traditional exporters. Conversely, Singapore, Ivory Coast, and Sri Lanka face declines, while Russia, Thailand, Samoa, Mozambique, and Mexico maintained stability. The five-year CAGR indicates solid growth for emerging exporters like India and Vietnam.
Looking ahead, increased demand for coconut oil in wellness products and sustainable energy could boost exports, especially from diverse sources. Monitoring environmental factors, evolving consumer preferences, and international trade policies will be crucial in predicting future shares. Emerging markets may continue to grow, altering the export landscape.
Top countries in Coconut Oil Export Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 53.04 | 2023 | +14.05% | -2.13% | View data |
| 2 | 2 Indonesia | 32.68 | 2023 | -11.32% | +1.05% | View data |
| 3 | 3 Malaysia | 7.29 | 2023 | -46.3% | -8.25% | View data |
| 4 | 4 Papua New Guinea | 1.96 | 2023 | -2.5% | +13.18% | View data |
| 5 | 5 Sri Lanka | 0.75 | 2023 | -25% | -1.28% | View data |
| 6 | 6 India | 0.5 | 2023 | -16.67% | +7.39% | View data |
| 7 | 7 Vietnam | 0.5 | 2023 | 0% | +4.56% | View data |
| 8 | 8 United States | 0.5 | 2023 | +66.67% | +2.13% | View data |
| 9 | 9 Ivory Coast | 0.35 | 2023 | +75% | -6.89% | View data |
| 10 | 10 Canada | 0.3 | 2023 | 0% | +3.71% | View data |
