The global coconut oil production share in 2023 saw the Philippines leading the market with a 41.36% share, followed by Indonesia at 26.69%, and India at 8.58%. Notable year-on-year changes include a decline for the Philippines (-0.56%), Indonesia (-0.9%), and India (-3.33%), whereas other countries like Vietnam (1.08%) and Bangladesh (3.63%) exhibited growth. Overall, production shares showed slight volatility with minor increases or decreases for most countries.
Future trends to watch in global coconut oil production include the potential for growth in emerging producers such as Brazil (4.2%), East Timor (4.38%), and France (5.07%). The impact of climate change, advancements in agricultural practices, and shifts in global demand will be critical determinants of production dynamics.
Top countries in Coconut Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 41.36 | 2023 | +0.018% | -0.56% | View data |
| 2 | 2 Indonesia | 26.69 | 2023 | +0.18% | -0.9% | View data |
| 3 | 3 India | 8.58 | 2023 | -2.32% | -3.33% | View data |
| 4 | 4 Vietnam | 5.59 | 2023 | +0.75% | +1.08% | View data |
| 5 | 5 Mexico | 4.16 | 2023 | +0.13% | +0.03% | View data |
| 6 | 6 Bangladesh | 2.38 | 2023 | +3.69% | +3.63% | View data |
| 7 | 7 Sri Lanka | 1.82 | 2023 | +0.69% | +0.79% | View data |
| 8 | 8 Malaysia | 1.2 | 2023 | -1.56% | -0.91% | View data |
| 9 | 9 Mozambique | 1 | 2023 | +0.8% | +0.89% | View data |
| 10 | 10 Thailand | 0.78 | 2023 | -2.66% | -3.12% | View data |
