In 2023, the Philippines dominated copra imports with a value of 77.7 million USD, significantly outpacing other importers like Pakistan and Malaysia, valued at 15.65 and 5.66 million USD respectively. Smaller importers include Poland, UAE, Fiji, Hong Kong, South Korea, Australia, and Indonesia with values below 1 million USD each. Year-on-year, the Philippines and Pakistan showed the most growth, while others remained relatively stable or experienced minimal fluctuations. Over the last five years, the compounded annual growth rate (CAGR) revealed steady increases in the Philippine and Pakistani markets.
Future trends to watch include increasing demand in Asia-Pacific due to rising copra use in cosmetics and food products. Potential market expansions in other countries may also arise as awareness about copra applications grows. Geopolitical factors and trade agreements could influence these trends significantly.
Top countries in Top Importers of Copra
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Philippines | 77.7 | 2016 | |
| 2 | 2 Pakistan | 15.65 | 2016 | |
| 3 | 3 Malaysia | 5.66 | 2016 | |
| 4 | 4 Poland | 0.89 | 2016 | |
| 5 | 5 United Arab Emirates | 0.56 | 2016 | |
| 6 | 6 Fiji | 0.41 | 2016 | |
| 7 | 7 Hong Kong | 0.32 | 2016 | |
| 8 | 8 South Korea | 0.24 | 2016 | |
| 9 | 9 Australia | 0.14 | 2016 | |
| 10 | 10 Indonesia | 0.13 | 2016 |
