The volume of coconut oil exports in the US experienced significant volatility from 2014 to 2023. The highest volume was recorded in 2015 at 52.0 thousand metric tons, but a general downward trend has been observed since 2017, reaching 23.0 thousand metric tons by 2023. Between 2022 and 2023, the year-on-year variation was -4.17%, reflecting a consistent decline. The five-year CAGR leading up to 2023 is modest at 1.84%. Forecasts indicate a continued decrease, with the export volume expected to drop to 18.8 thousand metric tons by 2028, reflecting a forecasted five-year CAGR of -3.27% and an overall reduction of 15.32% by 2028.
Future trends to watch for:
