The coconut oil demand in the Netherlands experienced considerable fluctuations between 2014 and 2023. The highest demand was recorded in 2014 at 128 thousand metric tons, after which it saw a significant drop in 2015. The demand remained below 100 thousand metric tons from 2015 to 2017, followed by a peak in 2018 at 129 thousand metric tons. From 2019 onwards, the demand stabilized around 114 thousand metric tons until 2022, slightly dropping to 113 thousand metric tons by 2023. This illustrates a mixed but generally declining trend with a -2.61% CAGR over the past five years from 2019 to 2023.
Future trends to watch for include:
- Examining the stability of demand at 113 thousand metric tons projected for the next five years (2024-2028), indicating a zero growth rate and absence of significant change.
- Monitoring global market influences, consumer preferences, and economic factors that may affect this stabilization forecast.
