More than 40 per cent of the production is being exported.At present domestic sales is about Rs 3000 crores. The exports had grown by 30 per cent in value and 28 per cent in the current financial year.
Coir exports from India had maintained a continuous growth trajectory even during the global economic crisis. For the Indian coir exports the US is the largest market accounting for 37 per cent.
The domestic market for coir products is currently estimated at Rs 2,000 crore and this is expected to grow to Rs 3,500 crore by 2017. The Coir Board has earmarked Rs 4.59 crore financial assistance in 2012-13 for the development of coir industry in various states.
Coir exports from India now have new markets such as Russia and Latin America. The state of Kerala is responsible for about 80% of India's coir exports. The coir industry in Kerala employs almost 3.5 lakh people. Exports have risen at healthy rate of more than 20% during the last nine months of this fiscal.