In 2024, the import of floor coverings of coconut fibres (coir) to China is forecasted to reach 477.23 thousand USD. This marks the onset of a modest upward trend, growing through to 502.41 thousand USD by 2028. Assuming a stable growth trajectory, the compound annual growth rate (CAGR) over these five years is anticipated, showcasing a steady, albeit modest, annual increase each year.
Future trends to watch for include:
- The impact of evolving consumer preferences towards sustainable and natural materials, potentially driving increased demand.
- Possible policy changes on imports and international trade relations that could influence growth patterns.
- Technological advancements in the production and disposal of coir products, affecting their attractiveness in the market.
