The global coconuts and copra processing landscape in 2023 showed the Philippines leading with 7.34 million metric tons, despite a slight 1.45% year-on-year decrease. Indonesia and India followed with declines of 1.76% and 3.46% respectively. Notable growth was seen in Mozambique (2.77%), Fiji (3.83%), and Guyana (4.32%). Key players in processing, such as Thailand and Papua New Guinea, experienced marginal declines, while Vietnam and Bangladesh presented modest growths. Sri Lanka and Venezuela also saw increases, contrasting with contractions in Malaysia and Vanuatu.
Future trends indicate potential growth in diversification of exports, technological advancements in processing, and expansion in emerging markets. Sustainability practices might influence production dynamics, driven by shifting consumer preferences towards eco-friendly products.
Top countries in Coconuts and Copra Processing by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 7,340 | 2023 | -0.35% | -1.45% | View data |
| 2 | 2 Indonesia | 6,010 | 2023 | -0.6% | -1.76% | View data |
| 3 | 3 India | 2,170 | 2023 | -2.48% | -3.46% | View data |
| 4 | 4 Mexico | 1,040 | 2023 | +0.19% | +0.14% | View data |
| 5 | 5 Vietnam | 905 | 2023 | +0.44% | +0.79% | View data |
| 6 | 6 Bangladesh | 582 | 2023 | +1.39% | +0.7% | View data |
| 7 | 7 Sri Lanka | 439 | 2023 | +1.39% | +1.48% | View data |
| 8 | 8 Malaysia | 287 | 2023 | -4.01% | -3.28% | View data |
| 9 | 9 Thailand | 227 | 2023 | 0% | -0.43% | View data |
| 10 | 10 Mozambique | 227 | 2023 | +2.25% | +2.77% | View data |
