The coconuts and copra market in the US experienced relatively stable volumes from 2014 to 2023, hovering around 75-80 thousand metric tons. 2023 stood at 80.0 thousand metric tons. The last two years saw zero percent year-on-year variation. Over the longer term, the five-year CAGR from 2019 to 2023 was 0.91%. Forecast data suggests slight growth with a forecasted five-year CAGR of 0.5%, expecting the market to reach 82.0 thousand metric tons in 2028.
Future trends to watch for include potential impacts of climate change on coconut yields, shifts in consumer preferences towards coconut-based products, and technological advancements in coconut processing that could influence market dynamics.
