The global coconut oil supply is dominated by the Philippines, holding a significant share. Indonesia and India follow but with less impact. The past year shows fluctuating trends with positive growth in the United States, China, and Papua New Guinea, while the Philippines and Malaysia experienced declines. Over the last two years, countries like Thailand and Sri Lanka have shown substantial growth, whereas Bangladesh and Norway have faced dramatic reductions. Key factors include climatic conditions, domestic demand, and export capabilities.
Future trends to watch involve the sustainability practices in major producing countries and the impact of global trade policies on supply dynamics. Increasing consumer awareness and preference for organic and ethically sourced products may also shift production patterns.
Top countries in Coconut Oil Supply Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 27.83 | 2023 | +4.99% | -1.46% | View data |
| 2 | 2 Indonesia | 19.47 | 2023 | -6.57% | +0.34% | View data |
| 3 | 3 India | 10.82 | 2023 | +0.87% | +0.7% | View data |
| 4 | 4 United States | 8.94 | 2023 | +14.77% | +3.76% | View data |
| 5 | 5 Malaysia | 4.07 | 2023 | -31.77% | -0.82% | View data |
| 6 | 6 China | 3.42 | 2023 | +18.92% | +4.45% | View data |
| 7 | 7 Vietnam | 3.06 | 2023 | -1.01% | +0.1% | View data |
| 8 | 8 Papua New Guinea | 1.91 | 2023 | -0.81% | +9.82% | View data |
| 9 | 9 Sri Lanka | 1.77 | 2023 | -16.79% | +7.61% | View data |
| 10 | 10 Thailand | 1.45 | 2023 | -9.71% | +10.68% | View data |
