In 2024, Germany leads the global coconut oil processing market with 15.74 thousand metric tons, followed closely by India with 14.89 and Mexico with 14.47. Over the past year, key variations include a decrease of 5.84% in Germany, 6.01% in the United States, and a 1.32% drop in Mexico. In contrast, France and Indonesia saw significant growth at 3.26% and 10.76%, respectively. Despite some fluctuations, Belgium, Canada, and New Zealand showed moderate increases, highlighting resilience in their processing capacities.
Future trends to watch in the global coconut oil processing market include:
- Continued growth in developing countries with emerging processing capabilities.
- Potential rebounds in markets showing recent declines, particularly in Europe and the United States.
- An increasing focus on sustainable and eco-friendly practices that could affect production volumes.
Top countries in Coconut Oil Processing Share by Country (Thousand Metric Tons)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 15.74 | 2023 | -4.31% | -5.84% | View data |
2 | 2 India | 14.89 | 2023 | 0% | +0.19% | View data |
3 | 3 Mexico | 14.47 | 2023 | -0.97% | -1.32% | View data |
4 | 4 Netherlands | 10.78 | 2023 | 0% | -2.21% | View data |
5 | 5 Belgium | 7.38 | 2023 | 0% | +2.04% | View data |
6 | 6 Italy | 5.39 | 2023 | 0% | 0% | View data |
7 | 7 Spain | 4.4 | 2023 | 0% | +0.66% | View data |
8 | 8 France | 3.83 | 2023 | +3.85% | +3.26% | View data |
9 | 9 United States | 3.12 | 2023 | -4.35% | -6.01% | View data |
10 | 10 Poland | 2.41 | 2023 | 0% | 0% | View data |