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1 Substitute coconut oil on a 1-1 ratio for oil or butter. Melt the oil and cool it to just above room temperature before measuring it.  Use a ratio of 3/4 to 1 when substituting coconut oil for shortening. Use the oil in its solid state or melt it first.
Confidence votes 8.4K. A substitute for dried/dessicated shredded/flaked coconut will depend on the recipe. Most use it for flavour and texture. In some recipes, rolled oats or wheatgerm could be the subsitute, but be aware that this will give a very different flavour, and is not suitable for some recipes.