Global Coconut Oil Market
In value terms, coconut oil production dropped to $ in estimated in export price. Overall, the total production indicated a mild expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Global production peaked at $ in 2017; however, from 2018 to , production remained at a lower figure.
The countries with the highest volumes of production in were the Philippines ( tons), Indonesia ( tons) and India ( tons), together accounting for % of global production. The Netherlands, Vietnam, Malaysia and Mexico lagged somewhat behind, together accounting for a further %.
From 2007 to , the biggest increases were in Malaysia (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.
The global coconut oil market revenue rose significantly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market reached the maximum level in and is likely to see steady growth in the near future.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Malaysia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($), the United States ($) and the Netherlands ($) were the countries with the highest levels of market value in , together accounting for % of the global market. These countries were followed by Sri Lanka, Vietnam, Mexico, Indonesia, Malaysia, Germany, China, Italy and France, which together accounted for a further %.
Among the main consuming countries, Malaysia, with a CAGR of +%, recorded the highest growth rate of market size, over the period under review, while market for the other global leaders experienced more modest paces of growth.
In , the highest levels of coconut oil per capita consumption was registered in the Netherlands ( kg per person), followed by Sri Lanka ( kg per person), Malaysia ( kg per person) and Germany ( kg per person), while the world average per capita consumption of coconut oil was estimated at kg per person.
In the Netherlands, coconut oil per capita consumption remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: Sri Lanka (+% per year) and Malaysia (+% per year).