Global Coconut Oil Demand by Country

In 2024, the Global Coconut Oil demand shows that the United States leads with 386.0 thousand metric tons, followed by India at 241.0, and Vietnam at 162.0. The United States saw a slight decline of 2.5%, while India experienced a more significant drop of 4.16%. Conversely, Vietnam recorded a marginal increase of 0.37%. Major European markets such as Germany and the Netherlands faced declines of 5.7% and 2.61% respectively, whereas Indonesia saw a notable rise of 11.26%. Smaller markets like Iran, Ghana, and Kuwait maintained steady demand, each seeing a modest 2.71% increase. Meanwhile, demand in Venezuela and Ukraine reduced by 2.33% and 4.9% respectively. Significantly, some countries like Benin and Kiribati saw substantial increases, 10.76% and 14.87% respectively, while Saudi Arabia exhibited a drastic 100% decline due to market exit.

Key trends to watch for in the future include:

  • Potential rebound in European markets looking to recover from recent declines.
  • Continued growth in emerging markets such as Indonesia and Vietnam driven by increasing health awareness and industrial applications.
  • The impact of sustainability initiatives on demand in major consuming countries.
  • Possible recovery or further decline in markets like Venezuela and Ukraine amidst geopolitical challenges.
  • Stable growth expected in smaller markets that are beginning to adopt coconut oil more widely.

Top countries in Coconut Oil Demand by Country

# 10 Countries Thousand Metric Tons Last Year YoY 5-years CAGR
1 1 United States 386 2023 -2.03% -2.5% View data
2 2 India 241 2023 -3.21% -4.16% View data
3 3 Vietnam 162 2023 0% +0.37% View data
4 4 China 152 2023 0% -0.26% View data
5 5 Mexico 136 2023 0% +0.6% View data
6 6 Germany 129 2023 -3.73% -5.7% View data
7 7 Malaysia 113 2023 +1.8% +0.36% View data
8 8 Netherlands 113 2023 -0.88% -2.61% View data
9 9 Philippines 108 2023 -5.26% -5.59% View data
10 10 Indonesia 75 2023 -6.25% +11.26% View data