The island nation of Indonesia grows the most coconuts in the world, producing 16.82 million metric tons in 2020. The Philippines and India are not too far behind, with the three countries accounting for over 70% of global production. Most international coconut trade stays within Asia, as Thailand and Malaysia are the top importers.
More than an economic resource, the coconut tree carries cultural and spiritual significance due to its versatility. In Indonesia, it's known as the "Tree of abundance," while Filipinos refer to it as the "Tree of life." With the expanding trend of vegan products, the demand for coconut is rapidly increasing in the U.S. From 2020 to 2027, the market is expected to reach $23.39 billion, a 10.5% increase.
Source: tastingtable.com