Coir & Fiber Market: Trends, Prices & Forecast

Coir is a natural fibre made from coconut and hence is also known as coconut fibre. It is a durable, coarse fibre that makes it suitable to use in the manufacture of tough weather-resistant goods. Coir is used in sectors such as agriculture, horticulture, construction, fishing, and more. It is also one of the major materials used in the making of ropes, especially for outdoor uses.

In the textile industry, coir is mostly used for home textiles. Doormats, mattresses, rugs, and more home furnishings are made using coir. Apparel companies are also investigating the feasibility of incorporating coir into clothing, with polyester blends being researched.

Countries with the most coconut production are the natural leaders in coir production as well. Hence, India and Sri Lanka, being among the top coconut producers, are also the two leading coir producing nations in the world. Other important countries for coir production include Thailand and Vietnam, while non-Asian countries such as Ghana are also emerging in the market.

The coir value chain incorporates both the raw material for the making of coir as well as other similar products made with coconuts. The raw materials include:

• Dried coconuts
• Coconut dehusked
• Coconut husked

Other coconut products that form part of the value chain include:

• Coconut shell charcoal: This material is obtained by burning the shell of the coconut up to a certain degree. It is used in water & air purification, food & beverage processing, medicine, and many other applications.
• Smoke Coconut: Coconuts are smoked mainly in food preparation, especially in the Indian subcontinent.

TexPro gathers unrivalled levels of information when it comes to noir and other coconut products’ prices. It is a veritable guide to real-time updates for coir and coir-adjacent products, with prices updated daily. In addition, the tool also incorporates historical pricing and forecast prices. It makes sourcing coconut easy for organizations, providing a steady stream of data that is ready to be incorporated into the strategic decision-making process.

Being a natural fibre, coir is benefitting from the continued support for eco-friendly fibres. Still, coconut costs, supply shortages, delays in shipments, droughts & other weather disruptions, are challenges for coir producers. Regardless, coir continues to play an important role in many industries and demand for it is rising steadily.