The European sold production of coconut oil in 2024 reveals significant variances among countries. The Netherlands leads with production valued at €362.63 million, followed by Germany at €21.385 million, Belgium at €3.5947 million, Denmark at €0.38376 million, and Lithuania at €0.079 million. In 2023, the Netherlands exhibited a slight 0.98% increase, Germany saw a robust 5.56% rise, Belgium faced a 1.86% decline, while Lithuania showed an extraordinary increase of 96.87% in value.
Over the past five years, the average annual growth rate (CAGR) for these countries indicates varying trends, suggesting strategic shifts and market dynamics within the European coconut oil industry.
Future trends to be vigilant about include the potential for increased market penetration in emerging European markets, technological innovations in production, and fluctuations in global coconut oil prices that may influence European production values.
Top countries in Sold Production of Coconut Oil by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 362,630,000 | 2023 | +1.03% | +0.98% | View data |
| 2 | 2 Germany | 21,385,000 | 2023 | +6.24% | +5.56% | View data |
| 3 | 3 Belgium | 3,594,700 | 2023 | -2.93% | -1.86% | View data |
| 4 | 4 Denmark | 383,760 | 2021 | +11.39% | +18.15% | View data |
| 5 | 5 Lithuania | 79,000 | 2023 | +7.31% | +96.87% | View data |
