The demand for coconuts and copra in Indonesia was 15.37 million metric tons in 2023. In 2024, the forecasted demand stands at 15.27 million metric tons, marking a slight decrease of 0.65% from the previous year. This downward trend is projected to continue with year-on-year declines of approximately 0.72% to 0.68% until 2028, when the demand is forecasted to reach 14.86 million metric tons. The Compound Annual Growth Rate (CAGR) over the five-year period is expected to be a consistent decline of around 0.67% per year.
Future trends to watch for include potential shifts in local and international markets, changes in consumer preferences, climatic impact on coconut production, and advancements in agricultural practices that could influence supply levels and demand dynamics.
