Which Country Produces the Most Coconut Oil in the World?
Vegetable And Animal Oils And Fats November 17, 2017
In 2015, the countries with the highest levels of coconut oil production were the Philippines (1,032 thousand tonnes), Indonesia (886 thousand tonnes), India (409 thousand tonnes), together accounting for 77% of total output.
From 2007 to 2015, the most notable growth rates of coconut oil production among the main producing countries was attained by India (+0.2% per year), while the other global leaders experienced a decline in the output figures.
Top 10 Coconut Oil Producing Countries in the World
1. Philippines (1,032K Tonnes)
2. Indonesia (886K Tonnes)
3. India (409K Tonnes)
4. Viet Nam (157K Tonnes)
5. Mexico (122K Tonnes)
6. Malaysia (65K Tonnes)
7. Sri Lanka (39K Tonnes)
8. Thailand (30K Tonnes)
9. Côte D'Ivoire (29K Tonnes)
10. Mozambique (19K Tonnes)
Global Coconut Oil Production
Global coconut oil production amounted to 3,013 thousand tonnes in 2015, declining by -3.0% against the previous year level. Overall, the global coconut oil output pursued a pronounced decline from 2007 to 2015. The trend pattern was relatively stable, with only minor fluctuations throughout the analyzed period. The total output figures decreased at an average annual rate of -1.6%. The growth pace was the most rapid in 2010, when the output figure increased by +17% from the previous year level. In that year, the global coconut oil production attained its maximum volume of 3,853 thousand tonnes. From 2012 to 2015, the total coconut oil output growth failed to regain its strength.
Over the analyzed period, global coconut oil production was buoyed by disposable income growth, production of medical care and personal care goods, and popularity of healthy eating. These key factors are to remain relevant with regard to coconut oil output in the immediate term.
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- coconut oil price forecast
- key coconut oil producers
Source: World: Coconut (Copra) Oil - Market Report. Analysis And Forecast
