The demand for coconut oil in Germany experienced significant fluctuations from 2014 to 2023, with the volume peaking at 227.0 thousand metric tons in 2014 and 2015 before declining sharply to 116.0 thousand metric tons in 2016. Over the following years, demand consistently decreased, reaching 129.0 thousand metric tons in 2023. The year-on-year variation in 2023 stood at -3.73%, while the Compound Annual Growth Rate (CAGR) over the last five years averaged -5.7%.
In terms of future trends, the forecast indicates a continued decline in demand, with the volume expected to decrease to 104.0 thousand metric tons by 2028. The forecasted 5-year CAGR is -3.46%, equating to an overall reduction of 16.13% from 2024 levels.
Future trends to watch for include:
- Changes in consumer preferences towards alternative oils and fats.
- Potential impact of health and environmental considerations on coconut oil consumption.
- Influence of regulatory shifts and international trade policies on coconut oil imports.
