In 2024, Vietnam’s coconut industry recorded impressive growth, especially in value-added products such as coconut oil, coconut cream, and processed coconut derivatives. This growth signals a promising future for businesses currently exporting—or planning to export—Vietnamese coconut oil.
Vietnam’s Coconut Exports Increased Sharply in 2024
According to the latest industry reports, Vietnam’s total coconut export value reached nearly USD 1.1 billion, up more than 20% compared to 2023. Key highlights include:
Fresh coconut exports increased 61%, surpassing USD 390 million.
Value-added products — including coconut oil — continued to generate high value and growing international demand.
Major markets such as the US, EU, Japan, South Korea, and the Middle East increased their imports of Vietnamese coconut products due to stable quality and competitive pricing.
The overall growth of the coconut industry shows that coconut oil is directly benefiting, especially as global consumers shift toward natural and organic products.
Coconut oil is widely used in:
Cosmetics & hair care
Nutritional foods
Pharmaceuticals
Organic and vegan product lines
The global trend toward a natural & healthy lifestyle is driving strong demand for coconut oil.
With major coconut-growing regions such as Bến Tre, Trà Vinh, and Bình Định, Vietnam has a stable and high-quality raw material supply — ideal for producing virgin coconut oil (VCO) and refined coconut oil for export.
Many Vietnamese manufacturers are investing in modern production lines that meet international standards such as:
HACCP
ISO
USDA Organic
EU Organic
These certifications help Vietnamese coconut oil penetrate strict global markets more easily.
Despite strong growth, the industry still faces several challenges:
Strong competition from the Philippines and Indonesia
Strict quality and safety standards from the EU and US
The need for sustainable raw material management
Manufacturers must improve packaging, enhance traceability, and standardize product quality to maintain growth momentum.
With the strong upward trend in 2024, the 2025 outlook is highly positive:
Coconut oil exports are expected to grow 10–20%
The EU and US will remain the key export markets
Virgin Coconut Oil (VCO) is projected to surge thanks to the global demand for organic products
Businesses that invest early in international standards will gain a significant competitive advantage
Based on industry data, it is clear that Vietnam’s coconut oil exports increased in 2024, benefiting from global consumer trends and the expansion of value-added processing.
This is a golden opportunity for businesses to:
Expand production
Enter new markets
Build premium coconut oil brands
