In the global coconuts and copra market, Indonesia leads with the highest demand share of 27.04 thousand metric tons, followed closely by the Philippines at 25.27 thousand metric tons, and India at 20.65 thousand metric tons. Notable year-on-year trends include slight decreases in Indonesia (-0.61%) and the Philippines (-0.14%), while India saw a modest increase (0.11%). Smaller producers such as Sri Lanka, Brazil, and Vietnam showed mixed trends with Brazil experiencing a notable decline (-2.27%) and Vietnam showing a significant increase (1.63%). Market volatility is evident with wide variations, notably high growth in small producers like Guyana (4.13%) and Kenya (5.4%), and declines in others like Angola (-12.94%) and Ivory Coast (-10.59%).
For future trends, watch for continued growth in emerging markets such as Vanuatu, Guyana, Kenya, and Dominican Republic, which may alter global demand dynamics. Moreover, the increasing attention to sustainable and organic farming practices could influence production and distribution trends. Innovations in coconut-derived products, like plant-based food alternatives, are likely to drive shifts in demand patterns.
Top countries in Coconuts and Copra Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 27.04 | 2023 | -0.64% | -0.61% | View data |
| 2 | 2 Philippines | 25.27 | 2023 | +0.12% | -0.14% | View data |
| 3 | 3 India | 20.65 | 2023 | +0.41% | +0.11% | View data |
| 4 | 4 Sri Lanka | 4.09 | 2023 | -0.68% | -0.89% | View data |
| 5 | 5 Brazil | 3.7 | 2023 | -2.09% | -2.27% | View data |
| 6 | 6 Vietnam | 2.42 | 2023 | +0.88% | +1.63% | View data |
| 7 | 7 Mexico | 2.4 | 2023 | +0.96% | +0.98% | View data |
| 8 | 8 China | 1.51 | 2018 | View data | ||
| 9 | 9 Papua New Guinea | 1.4 | 2023 | -1.36% | -1.47% | View data |
| 10 | 10 Bangladesh | 1.11 | 2023 | +1.45% | +0.75% | View data |
