In 2023, Spain's coconut oil import volume was recorded at 42.0 thousand metric tons. Based on forecast data, the import volume for 2024 is expected to rise to 44.0 thousand metric tons, marking a year-on-year increase of 4.76%. This upward trend continues with projected volumes of 45.0 thousand metric tons in 2025 (2.27% increase), 47.0 thousand metric tons in 2026 (4.44% increase), 48.0 thousand metric tons in 2027 (2.13% increase), and 49.0 thousand metric tons in 2028 (2.08% increase). Over the five-year period, the compound annual growth rate (CAGR) averages out to be 3.1%.
Future trends to watch for include potential fluctuations in global coconut oil supply chains and price volatility driven by environmental and political factors. Market demand shifts influenced by consumer preferences for health-conscious products could also significantly impact import volumes.