In 2023, the Philippines led global exports of coconut oil, followed by Indonesia and the Netherlands. Key exporters like the Philippines, Indonesia, and the United States showed steady increases in exports with robust growth rates around 4% and 5%. Sweden, Poland, and Russia exhibited remarkable growth rates exceeding 9%, indicating rising market demand. Conversely, Denmark and Bulgaria experienced declines, highlighting decreasing export markets. Moreover, Myanmar showed an exceptional rise at over 67%, albeit from a smaller base.
Future trends suggest increased competition among top exporters, possibly spurred by rising demand in health-conscious markets. Innovations in sustainable production and diversification of product applications might further influence export dynamics.
Top countries in Export of Coconut (Copra) Oil or Fractions Simply Refined by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 501,820,000 | 2023 | +1.91% | +4.09% | View data |
| 2 | 2 Indonesia | 469,590,000 | 2023 | +2.94% | +4.99% | View data |
| 3 | 3 Netherlands | 434,470,000 | 2023 | +3.21% | +5.04% | View data |
| 4 | 4 Malaysia | 144,610,000 | 2023 | +0.93% | +2.36% | View data |
| 5 | 5 United States | 63,528,000 | 2023 | +3.89% | +5.21% | View data |
| 6 | 6 Canada | 36,486,000 | 2023 | +2.5% | +1.59% | View data |
| 7 | 7 Germany | 27,702,000 | 2023 | +0.45% | +3.14% | View data |
| 8 | 8 India | 26,617,000 | 2023 | +2.81% | +5.06% | View data |
| 9 | 9 Singapore | 23,999,000 | 2023 | +4.31% | +1.61% | View data |
| 10 | 10 Italy | 22,409,000 | 2023 | +4.64% | +4.48% | View data |
