The forecast for the import of floor coverings of coconut fibers (coir) to Singapore shows a steadily increasing trend from 2024 to 2028. Starting from a value of 782.0 thousand USD in 2024, the imports are expected to rise to 952.71 thousand USD by 2028.
For 2023, the actual value stood at X thousand USD. The year-on-year percentage increase from 2024 to 2025 is expected to be approximately 5.63%, while the increase from 2025 to 2026 is around 5.21%. The expected percentage increase continues at a consistent rate of approximately 4.86% and 4.54% annually for the subsequent years of 2027 and 2028. The Compound Annual Growth Rate (CAGR) over these five years averages about 4.98% per year.
Future trends to watch for include potential shifts in global coir production, fluctuations in trade regulations, and changes in demand driven by sustainability trends, given coir’s eco-friendly attributes. Additionally, improvements in manufacturing techniques or any advancements in synthetic alternatives could impact future import values.
