Vietnam's coconut oil domestic consumption is forecasted to rise from 179.0 thousand metric tons in 2024 to 188.0 thousand metric tons by 2028. Evaluating the year-on-year variations, we observe incremental increases of approximately 1.1% to 1.6% annually. This gradual uptick contrasts with previous years and the average annual growth rate (CAGR) over the next five years stands at about 1.5%.
Key future trends to watch for include shifts in consumer preferences towards healthier oil options, potential impacts of government policies on local production, and possible fluctuations in global trade affecting supply and pricing dynamics of coconut oil.
