In 2023, the Philippines led global coconut oil production at 1.03 million metric tons, followed by Indonesia at 0.805 million metric tons, and India at 0.268 million metric tons. The Philippines saw a slight decrease of -1.45%, while Indonesia's reduction was more marked at -1.77%. Conversely, countries like Vietnam and Mexico experienced growth at 0.82% and 0.15%, respectively. Notably, Ghana surged by 2.71%, and Guyana showed significant growth at 5.92%. Meanwhile, Belgium's production grew by 8.45%, albeit from a smaller base. Over the last five years, these trends suggest variable performance among different countries.
Future trends to watch include potential technological innovations in coconut oil extraction enhancing productivity, shifts in global demand affecting production priorities, and climate change impacts possibly altering major production regions. The competitive dynamics in Southeast Asia, the influence of sustainability practices, and growing global health awareness may further shape production landscapes.
Top countries in Coconut Oil Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 1,030 | 2023 | -0.29% | -1.45% | View data |
| 2 | 2 Indonesia | 805 | 2023 | -0.62% | -1.77% | View data |
| 3 | 3 India | 268 | 2023 | -2.55% | -3.48% | View data |
| 4 | 4 Vietnam | 174 | 2023 | +0.58% | +0.82% | View data |
| 5 | 5 Mexico | 132 | 2023 | 0% | +0.15% | View data |
| 6 | 6 Bangladesh | 65 | 2023 | +1.56% | +0.63% | View data |
| 7 | 7 Sri Lanka | 59 | 2023 | +1.72% | +1.41% | View data |
| 8 | 8 Malaysia | 34 | 2023 | -2.86% | -3.2% | View data |
| 9 | 9 Mozambique | 34 | 2023 | 0% | +2.53% | View data |
| 10 | 10 Thailand | 29 | 2023 | 0% | 0% | View data |
