The Coconuts and Copra market in Indonesia experienced fluctuating trends from 2014 to 2023, with a peak in 2017 at 4.61 million metric tons followed by a downtrend. By 2023, the market volume stood at 3.92 million metric tons, reflecting a slight year-on-year decrease of 0.61%. The Compound Annual Growth Rate (CAGR) over the last 5 years was -0.52%, indicating a gradual decline.
Future trends to watch for include:
- Continued slight decline as forecasted, with the market expected to further decrease to 3.8 million metric tons by 2028.
- Potential impacts from climatic changes and efforts toward sustainability in agricultural practices.
- Market adaptations and technological innovations in coconut processing and copra production.
