The data shows a declining trend in Indonesia's coconut oil export volume from 2024 to 2028. Starting at 572.84 thousand metric tons in 2024, the forecasted volume steadily decreases each year, reaching 534.12 thousand metric tons by 2028. Between 2023 and 2024, there was a minor decrease in export volume which set the stage for the observed downward trend.
- The year-on-year variation from 2024 to 2025 is approximately -1.74%.
- From 2025 to 2026, there is an estimated decline of -1.73%.
- From 2026 to 2027, the volume decreases by around -1.73%.
- Finally, from 2027 to 2028, there is a decline of about -1.73%.
Considering the last five years, the Compound Annual Growth Rate (CAGR) indicates a consistent downward trend every year, averaging approximately -1.73%.
Future trends to watch for include shifts in global demand for coconut oil, changes in international trade policies, and possible impacts of climate change on coconut production in Indonesia. Monitoring these factors will be crucial to understand their potential influence on future export volumes.
