Cocopeat is a natural outcome of the process of separating coconut coir into fine grains.
As a renewable organic raw material, cocopeat is both organic and renewable. Cocopeat has the advantage of containing a bacteria that promotes plant growth (PGPB). This bacteria can increase plant growth and protect plants from disease and abiotic stress through a variety of mechanisms. As a result, cocopeat-grown plants have significantly more developed root systems.
MSME actors and community members frequently discard coco peat. By processing coconut shells to extract the fibers, MSMEs are able to engage in coconut processing. The production results will be sold to domestic factories or exported abroad, but the byproduct, Cocopeat, has economic value as a growing medium.
Using the trade code Cocopeat HS Code 530500 and the website exportpotential.intracen.org, Cocopeat International trade reached $ 618,900,000 or Rp. 8,898,729,870,000 (8.8 trillion rupiahs) with an export potential of $ 725,800,000 or Rp..4 trillion rupiahs) a phenomenal trade figure for international trade, especially in Cocopeat commodities.
It is estimated that the international Cocopeat trade has an untapped potential of $334,200,000 or Rp.4,804,927,080,000 (4.8 trillion rupiah), particularly in coconut-producing nations such as Indonesia that have not yet maximized the potential of the coconut industry.
Export Destination Countries for Cocopeat include the People’s Republic of China (PRC) with an export potential of $323,500,000.00 US Dollars or Rp.4,645,634,472,089.37 (4.6 trillion rupiah) and the United States with an export potential of $55,500,000 US Dollars or IDR 798,001,200,000. (798 billion rupiah).
Even though the cocopeat trade is excellent, Indonesia is still unable to maximize the potential of the coconut industry, especially cocopeat. This is evidenced by data from the largest cocopeat exporting country, India, with $ 230,000,000 followed by Sri Lanka with $ 150,000,000, while Indonesia is in 10th place with total exports of $9,700,000 or IDR 139,458,840,000. Several factors have prevented Indonesia from maximizing the potential of the coconut industry.
