Prepare three bowls.
In the first, pour the flour, chili powder, salt, and pepper.
In the second, beat the eggs with water.
In the third, combine the Panko breadcrumbs and shredded coconut.
Flour a few shrimps at a time.
Dip them in the beaten eggs mixture then coat them with breadcrumbs mix.
Gently shake the shrimp to remove the excess breading.
Generously spray the basket of the air fryer with oil.
Place the shrimps in the basket of the air fryer in a single layer. Lightly spray the top of with oil
Cook at 370 ˚F for 10 minutes flipping halfway.
Place on a serving plate, and sprinkle with chopped fresh cilantro.
You can serve the coconut shrimp with lime and sweet chili sauce if desired.