In 2023, the import of floor coverings of coconut fibres (coir) to Canada stood at 3.5585 million USD, reflecting a year-on-year increase of 1.08%. Over the past two years (2021-2023), the year-on-year variation was modest, indicating a period of steady growth. Annually, the variation for this period averaged at 1.1%. Examining a longer horizon, the average annual growth rate (CAGR) over the last five years (2018-2023) was approximately 2.36%, signaling a moderate yet consistent upward trend.
Looking forward, the forecast anticipates a continued but slower increase, with a 5-year CAGR of 0.86%. Key future trends to watch for include potential disruptions in global supply chains that could affect import volumes, evolving consumer preferences towards sustainable and eco-friendly products, and the overall economic conditions impacting disposable income and spending on home décor products.
