Coco peat, also known as coir pith, is gaining immense popularity as a sustainable and eco-friendly growing medium in horticulture and agriculture. As the leading exporter of coco peat, India is strategically positioned to meet the rising global demand for this versatile product. In this blog, we will explore the essential aspects of exporting coco peat from India, including market insights, top importing countries, and crucial export data.
Key Highlights
- Global Market Growth: The global coco peat market was valued at US$ 357 million in 2023 and is projected to reach US$ 432 million by 2030, growing at a CAGR of 2.8%. This growth is driven by the increasing adoption of coco peat as a sustainable soil conditioner in various agricultural practices.
- Top Importing Nations: The primary countries importing coco peat from India include:United States
Coco Peat Export Data
India has established itself as a dominant player in the coco peat export market, with a total of 52,987 shipments recorded. The major categories of coco peat exported include:
- Coir pith
- Coco peat blocks
- Coco peat fiber
The HS Codes associated with coco peat exports are:
- 53050040: Coir pith products
- 681520: Articles of coir
- 14049099: Bulk coco peat in fiber form
- 14049000: Coco peat-compressed blocks
Production Regions
The primary production regions for coco peat in India include:
- Tamil Nadu
- Karnataka
- Maharashtra
- Andhra Pradesh
- Kerala
These states benefit from extensive coconut cultivation, providing a steady supply of raw materials for coco peat production.
Market Opportunities
The increasing demand for eco-friendly products presents significant opportunities for exporters. Coco peat’s ability to retain moisture and improve soil quality makes it an attractive option for gardeners and farmers worldwide. As more consumers seek sustainable alternatives to traditional soil amendments, the potential for growth in the coco peat export sector remains strong.