The forecast for India's import of floor coverings made of coconut fibers (coir) indicates a consistent downward trend from 2024 to 2028. The import value is projected to decrease from 91.23 thousand USD in 2024 to 76.68 thousand USD in 2028, exhibiting a gradual decline over the five-year period. Comparing the years in the forecasted period, a year-on-year decline is observed, suggesting a reduced demand or a shift towards domestic production or alternative materials.
Key trends to watch in the future include:
- Fluctuating global coconut fiber supply impacting import levels.
- Technological advances that may enable more efficient or cost-effective local production.
- Potential regulatory changes impacting import tariffs or environmental considerations for natural fiber products.