The import of coconut or copra oilcake and other solid residues to the US is projected to increase steadily from 2024 through 2028, starting at $2.015 million in 2024 and reaching $2.3741 million by 2028. This indicates consistent growth year-on-year, with an annual increase of about 4.57% in 2024 to 2025, rising to 3.86% from 2027 to 2028. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.68%.
For future trends, watch for changes in global coconut production, potential trade policy shifts impacting imports, and evolving demand due to nutritional and ecological trends, which could influence the import volume and value of these residues in the US market. Monitoring competitive pricing from alternative protein and oil sources is also crucial.
