The Booming Coconut Oil Industry in Indonesia It comes as no surprise that coconut oil is a popular product in Indonesia because coconut trees are in abundance across the country. Thus, the production and exportation of coconut oil have become one of the key industries in Indonesia, contributing to its economic growth and providing a source of income for many small farmers and producers. According to the Indonesian Coconut Board (ICB), the country produced around 2.

The Growth of Coconut Oil Demand in Indonesia Indonesia is the world’s largest producer of coconuts, with an annual output of almost 20 million metric tons. This makes the country one of the biggest suppliers of coconut oil in the global market, with a total production of over 3 million tons of coconut oil every year. The growth of coconut oil demand in Indonesia has been remarkable in recent years due to numerous factors, including its multiple uses in the food and beverage industry, cosmetics, and pharmaceutical products.