Analysis of coconut oil production in the Ivory Coast reveals a decreasing trend from actual values to forecasted data. The production in 2023 was recorded at 15.4 thousand metric tons, marking a decline. The year-on-year variation over the last two years shows a consistent negative trend of -2.43%. The average annual variation per year (CAGR) over the last five years registers at -3.07%, indicating an overall contraction in production. Looking ahead, the forecasted annual average variation until 2028 is anticipated to be -2.21%, suggesting a further decline of approximately 10.59% over this period.
Future trends to watch for:
- Impacts of climate change on coconut yield.
- Potential governmental or technological interventions for enhancing productivity.
- Shifts in global demand and market prices for coconut oil.
- Competition from alternative vegetable oils.