In 2023, Germany's import value of crude coconut (copra) oil stood at approximately 162.32 million USD. The forecast for the upcoming years indicates a gradual decline, with import values forecasted at 159.53 million USD in 2024, decreasing annually to 149.11 million USD by 2028. This depicts a consistent year-on-year decline of about 1.7% to 1.8%. Over this period, the compound annual growth rate (CAGR) reflects a negative trend, averaging a decrease of 1.7% per year.
Future trends to watch for include:
- Potential changes in global coconut oil supply chains that may affect prices and import volumes.
- Shifts in German consumer preferences towards alternative oils, impacting import demand.
- Trade policy adjustments within the EU that may influence import costs.