In 2023, Indonesia led the world in exports of coconut, palm kernel, and babassu oil with a value of $2.73 billion, followed by the Philippines at $1.15 billion and Malaysia at $0.98661 billion. The Netherlands and Sri Lanka were also notable exporters, contributing $0.40629 billion and $0.09398 billion, respectively. The United States and Colombia, while smaller players, showed consistent export figures, with Germany, India, and Canada rounding out the top ten. Year-on-year comparison reveals Indonesia's dominance strengthened, while others saw a mix of stable and moderate growth. Over a five-year period, the compound growth varied, with some countries experiencing significant increases and others more stable trajectories.
Future trends to watch for include:
- Potential shifts in global demand driven by health trends and industry innovations.
- Supply chain adaptations, particularly in response to environmental concerns and regulatory changes.
- Market penetration opportunities in emerging regions.
- Technological advancements in production and processing efficiency.
Top countries in Top Exporters of Coconut, Palm Kernel and Babassu Oil
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Indonesia | 2,730 | 2016 | |
| 2 | 2 Philippines | 1,150 | 2016 | |
| 3 | 3 Malaysia | 986.61 | 2016 | |
| 4 | 4 Netherlands | 406.29 | 2016 | |
| 5 | 5 Sri Lanka | 93.98 | 2016 | |
| 6 | 6 United States | 90.89 | 2016 | |
| 7 | 7 Colombia | 70.68 | 2016 | |
| 8 | 8 Germany | 59.93 | 2016 | |
| 9 | 9 India | 49.18 | 2016 | |
| 10 | 10 Canada | 43.93 | 2016 |
