September 24, 2025 | The Philippine News Agency |
The Philippines expects coconut export revenues to remain strong at USD 2–3 billion annually until 2026, driven by rising global demand for health and wellness products and improved domestic supply. In 2024, coconut oil exports hit a record USD 2.2 billion, supported by robust European demand, U.S. tariff exemptions, and expanding regional markets. Currently, Europe accounts for about 50% of exports, the U.S. 20%, and other Asian countries 30%.
United Coconut Association of the Philippines chair Marco Reyes said growth is sustainable, with coconut oil demand continuing to expand. Supply is projected to improve in 2025 due to fewer typhoons and private sector investment in value-added production.
The government is also boosting yields through replanting, hybridization, and fertilization. Philippine Coconut Authority (PCA) Administrator Dexter Buted outlined plans to plant 100 million coconut trees by 2028, with 8.6 million planted in 2024 and a target of 15.3 million in 2025. Over the next three years, about 25.3 million trees will be planted annually, with an additional 150–160 million trees as a buffer against climate shocks, pests, and germination issues.
The PCA’s budget has risen significantly to PHP 2.8 billion, supporting these ambitious expansion and sustainability programs.
