The import of floor coverings of coconut fibers (coir) to the US is projected to experience a gradual decline over the coming years, decreasing from 8.1029 million kilograms in 2024 to 7.6628 million kilograms in 2028. The year-on-year percentage change reflects a consistent downward trend, with minor negative growth rates each year. Prior to this forecast, imports stood at a higher volume in 2023. The compound annual growth rate (CAGR) over the forecasted five-year period further emphasizes this trend of decreasing imports.
Future trends to monitor include:
- Changes in consumer preferences towards sustainable materials.
- Fluctuations in global coconut fiber production and pricing.
- Shifts in trade policies and tariffs that may impact import volumes.
- Technological advancements in flooring materials that may offer alternatives to coir.
