Market Review Coconut Fiber - July 2021

In the first half of 2021, price of coir showed an increasing trend both in Sri Lanka and Indonesia. Price of coir fibre in Sri Lanka was US$107/MT in December 2020 and was gradually easing to reach US$143/MT in June 2021 accounting for price appreciation by 33%. Similarly, price of coir fibre in Indonesia showed a positive trend following global market recovery. Price of coir fibre in December 2020 was USD313/MT and leveled up to US$330/MT in June 2021. Price of coir fibre is expected to maintain its trend following an improving demand.

Figure 1. Average Monthly Price of Coir Fibre

January 2013 – June 2021 (US$/MT)