In 2023, the import value of floor coverings of coconut fibres (coir) to Australia stood at 2.7943 million US dollars. Year-on-year variation for the latest two years was -0.086% in 2023 and -0.088% in 2022. Over the past five years, the CAGR averaged -0.12%.
Analyzing variations over the years from 2013 to 2023 shows fluctuations, with notable declines in 2020 due to a significant year-on-year drop of -17.08%. Subsequent years, particularly 2021, saw a notable rise of 20.37%.
Looking forward, the forecast for the next five years indicates a slight decline with a 5-year CAGR of -0.07% and a total forecasted drop of -0.36% by 2028.
Future trends to watch for include global trade policies, shifts in consumer preferences toward sustainable products, and innovations within the coir industry that could affect import volumes and values.
