The global coconut oil export volume presents significant variances by country. The Philippines remains the largest exporter with 915 thousand metric tons in 2024, despite a slight year-on-year decrease of 0.83%. Indonesia follows with 583 thousand metric tons, facing a more substantial decline of 2.89% from 2023. Conversely, the Netherlands shows impressive growth of 3.48% year-on-year, maintaining its position among top exporters. Malaysia's volume drops notably by 6.11%, whereas Papua New Guinea and the United States experience moderate increases of 1.76% and 1.84%, respectively. Other countries like Sri Lanka, India, and Belgium exhibit strong growth, whereas countries such as Germany and Kiribati experience declines.
Future trends to watch include potential shifts in export volumes due to changing global demand, climatic conditions affecting coconut production, and trade policies impacting international markets. The increasing focus on sustainable and organic products could also influence export dynamics. Monitoring these trends will be crucial for forecasting and strategic planning in the global coconut oil market.
Top countries in Coconut Oil Export Volume by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Philippines | 915 | 2023 | +0.22% | -0.83% | View data |
2 | 2 Indonesia | 583 | 2023 | -1.69% | -2.89% | View data |
3 | 3 Netherlands | 261 | 2023 | +2.76% | +3.48% | View data |
4 | 4 Malaysia | 89 | 2023 | -5.32% | -6.11% | View data |
5 | 5 Papua New Guinea | 24 | 2023 | 0% | +1.76% | View data |
6 | 6 United States | 23 | 2023 | -4.17% | +1.84% | View data |
7 | 7 Sri Lanka | 22 | 2023 | +4.76% | +4.1% | View data |
8 | 8 Germany | 12 | 2023 | -7.69% | -5.59% | View data |
9 | 9 Vietnam | 11 | 2023 | +10% | +4.1% | View data |
10 | 10 Spain | 11 | 2023 | +10% | 0% | View data |