Crude coconut oil production in Malaysia has seen significant fluctuations between 2013 and 2023. Notable increases were observed in 2018 with a 93.21% year-on-year rise, though declines followed in subsequent years, including a 26.52% drop in 2020. The last two years prior to 2024 showed production growing by 15.38% in 2022 and 6.83% in 2023, standing at 20.61 Thousand Metric Tons in 2023.
The next five years are forecasted to present more stable growth, with a CAGR of 2.57% and an overall expected growth rate of 13.54% by 2028. Production is forecasted to gradually increase to 24.24 Thousand Metric Tons by this timeline.
Future trends to watch include:
- Sustainability practices in coconut oil production
- Impact of climate change on coconut yields
- Technological advancements in extraction and processing
- Global market demand shifts
