The import of crude coconut (copra) oil to the US was 165 million kilograms in 2023. Forecasted data for the years 2024 to 2028 shows a steady decline: 157.19 million kilograms in 2024, decreasing to 131.81 million kilograms by 2028. The year-on-year percentage decrease is approximately 4.16% in 2024, 4.16% in 2025, 4.15% in 2026, and 4.10% in 2027. The compound annual growth rate (CAGR) from 2023 to 2028 is -4.14%, indicating a consistent downward trend in import volume.
Future trends to watch for include potential fluctuations in global coconut production, changes in US consumer preferences towards other plant-based oils, and policy adjustments impacting import tariffs or trade agreements. Additionally, environmental sustainability trends may influence the sourcing and demand for coconut oil.
