Prepare the breading stations: Place flour in one bowl. Beat eggs in another bowl. Mix panko, shredded coconut, garlic powder, paprika, salt, and pepper in a third bowl.
Coat the shrimp: Dredge each shrimp in flour, then dip into egg, and finally coat with the coconut-panko mixture. Press lightly to ensure the coating sticks.
Arrange in air fryer basket: Spray the basket lightly with cooking spray. Place shrimp in a single layer (work in batches if needed). Lightly spray the tops of the shrimp.
Air fry: Cook at 375°F (190°C) for 8-10 minutes, flipping halfway through. Shrimp should be golden brown and crispy.
Make the dip: In a small bowl, mix sweet chili sauce, lime juice, and honey until well combined.
Serve: Plate the shrimp and serve hot with the sweet chili dip on the side.
