The European sold production of coconut oil is dominated by the Netherlands, which has a considerably higher volume of 357.61 million kilograms in 2024, showing a 7.08% increase in 2023. Germany follows with 44.455 million kilograms, reflecting a 10.17% growth in 2023. Belgium, Denmark, and Lithuania have much smaller shares with Belgium at 0.55977 million kilograms, Denmark at 0.21273 million kilograms, and Lithuania at 0.01284 million kilograms, where Lithuania shows a noteworthy spike of 83.94% in 2023 despite the small base. Belgium experienced a decline by 25.64% in 2023.
Future trends to watch for in European coconut oil production include:
• Potential growth in smaller markets like Lithuania, which exhibited substantial year-on-year increases.
• The continued leadership of the Netherlands in production volume, driven by robust growth rates.
• Fluctuations in Germany and Belgium's production levels, which could be influenced by changes in domestic and export demands.
The five-year compound annual growth rate (CAGR) will be critical for assessing the sustainability of these trends.
Top countries in Sold Production of Coconut Oil by Country
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 357,610,000 | 2023 | +2.36% | +7.08% | View data |
| 2 | 2 Germany | 44,455,000 | 2023 | +3.32% | +10.17% | View data |
| 3 | 3 Belgium | 559,770 | 2023 | -62.62% | -25.64% | View data |
| 4 | 4 Denmark | 212,730 | 2021 | -30.77% | +30.78% | View data |
| 5 | 5 Lithuania | 12,840 | 2023 | +7.08% | +83.94% | View data |
