Woven Carpet Market

The global woven carpet market is projected to experience steady growth in consumption trends over the next eight years, with a forecasted increase in market volume to 1.9B square meters by 2030. Market performance is expected to expand at a CAGR of +2.9% in volume and +4.9% in value from 2022 to 2030. The market recorded growth in consumption for the eleventh consecutive year in 2022, with the highest volumes seen in China, the United States, and Egypt. Turkey emerged as the leading country in production, while Turkey and India were major exporters in 2022. The average import price remained stable at $7.5 per square meter in 2022, with Turkey leading as the largest supplier. The global export price averaged $7.4 per square meter in 2022, with Turkey also holding the top position as the main exporter of woven carpets. Overall, the woven carpet market is poised for continued growth and expansion in the coming years.

Market Forecast

Driven by increasing demand for woven carpets and other woven textile coverings worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.9% for the period from 2022 to 2030, which is projected to bring the market volume to 1.9B square meters by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $19.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Woven Carpets And Other Woven Textile Coverings

For the eleventh year in a row, the global market recorded growth in consumption of woven carpets and other woven textile coverings, which increased by 0.5% to 1.5B square meters in 2022. In general, the total consumption indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.0% against 2012 indices. Over the period under review, global consumption attained the peak volume in 2022 and is expected to retain growth in the immediate term.

The global woven carpet market revenue fell to $13B in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +91.0% against 2012 indices. As a result, consumption reached the peak level of $13.1B, leveling off in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (249M square meters), the United States (223M square meters) and Egypt (205M square meters), together accounting for 44% of global consumption. India, Turkey, Sweden, Indonesia, Iran, Iraq, Bangladesh, Germany and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +32.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Egypt ($2.7B), the United States ($1.9B) and China ($1.4B) constituted the countries with the highest levels of market value in 2022, with a combined 46% share of the global market. Turkey, Sweden, Indonesia, Iran, Germany, the UK, Iraq, Bangladesh and India lagged somewhat behind, together accounting for a further 24%.

Sweden, with a CAGR of +32.5%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of woven carpet per capita consumption was registered in Sweden (5,094 square meters per 1000 persons), followed by Egypt (1,933 square meters per 1000 persons), Iraq (978 square meters per 1000 persons) and Turkey (974 square meters per 1000 persons), while the world average per capita consumption of woven carpet was estimated at 197 square meters per 1000 persons.

From 2012 to 2022, the average annual growth rate of the woven carpet per capita consumption in Sweden stood at +31.0%. In the other countries, the average annual rates were as follows: Egypt (+17.9% per year) and Iraq (-1.1% per year).

Production

World Production of Woven Carpets And Other Woven Textile Coverings

In 2022, after ten years of growth, there was decline in production of woven carpets and other woven textile coverings, when its volume decreased by -0.2% to 1.5B square meters. In general, the total production indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +85.7% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. Global production peaked at 1.5B square meters in 2021, and then dropped in the following year.

In value terms, woven carpet production shrank to $12.8B in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, global production attained the maximum level at $23.5B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Turkey (498M square meters), China (329M square meters) and Egypt (208M square meters), with a combined 67% share of global production. India, Sweden, Indonesia, Bangladesh, Iran and Belgium lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Sweden (with a CAGR of +35.9%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Woven Carpets And Other Woven Textile Coverings

After seven years of growth, purchases abroad of woven carpets and other woven textile coverings decreased by -14.7% to 735M square meters in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 862M square meters, and then declined in the following year.

In value terms, woven carpet imports declined to $5.5B in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $6.4B, and then shrank in the following year.

Imports By Country

In 2022, the United States (228M square meters) represented the major importer of woven carpets and other woven textile coverings, generating 31% of total imports. Germany (44M square meters) took the second position in the ranking, followed by Iraq (41M square meters). All these countries together held approx. 12% share of total imports. The Netherlands (29M square meters), the United Arab Emirates (24M square meters), the UK (24M square meters), France (19M square meters), Libya (18M square meters), Japan (17M square meters), Poland (17M square meters), Belgium (15M square meters), Australia (13M square meters) and Kazakhstan (11M square meters) held a minor share of total imports.

Imports into the United States increased at an average annual rate of +10.8% from 2012 to 2022. At the same time, the Netherlands (+13.6%), Germany (+6.1%), France (+6.0%), Belgium (+5.9%), the United Arab Emirates (+4.9%), Poland (+4.1%), the UK (+3.8%), Kazakhstan (+2.0%), Australia (+1.8%) and Iraq (+1.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +13.6% from 2012-2022. Libya and Japan experienced a relatively flat trend pattern. While the share of the United States (+15 p.p.) and the Netherlands (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($1.8B) constitutes the largest market for imported woven carpets and other woven textile coverings worldwide, comprising 33% of global imports. The second position in the ranking was held by Germany ($412M), with a 7.5% share of global imports. It was followed by the UK, with a 3.8% share.

In the United States, woven carpet imports increased at an average annual rate of +8.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and the UK (+2.5% per year).

Imports By Type

Carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 represented the largest imported product with an import of around 457M square meters, which reached 62% of total imports. Carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (80M square meters) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (9.5%). Carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (33M square meters), carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs (18M square meters), carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (17M square meters) and carpets and other textile floor coverings; woven, (not tufted or flocked), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20 (16M square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 imports of stood at +6.0%. At the same time, carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs (+7.2%), carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+4.9%) and carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+2.3%) displayed positive paces of growth. Moreover, carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs emerged as the fastest-growing type imported in the world, with a CAGR of +7.2% from 2012-2022. Carpets and other textile floor coverings; woven, (not tufted or flocked), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20 and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 experienced a relatively flat trend pattern. By contrast, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (-3.5%) illustrated a downward trend over the same period. Carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (+11 p.p.) significantly strengthened its position in terms of the global imports, while carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 saw its share reduced by -1.8%, -2.6% and -2.6% from 2012 to 2022, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 ($3.1B) constitutes the largest type of woven carpets and other woven textile coverings imported worldwide, comprising 55% of global imports. The second position in the ranking was taken by carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($527M), with a 9.5% share of global imports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20, with a 7.3% share.

For carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20, imports expanded at an average annual rate of +4.3% over the period from 2012-2022. With regard to the other imported products, the following average annual rates of growth were recorded: carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+3.3% per year) and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+3.5% per year).

Import Prices By Type

In 2022, the average woven carpet import price amounted to $7.5 per square meter, approximately reflecting the previous year. Overall, the import price, however, recorded a mild reduction. The growth pace was the most rapid in 2014 when the average import price increased by 10%. As a result, import price reached the peak level of $9.6 per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the product type; the product with the highest price was carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 ($26 per square meter), while the price for carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($5.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (+5.8%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average woven carpet import price amounted to $7.5 per square meter, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 10%. As a result, import price reached the peak level of $9.6 per square meter. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($10 per square meter), while Libya ($3.6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Woven Carpets And Other Woven Textile Coverings

In 2022, overseas shipments of woven carpets and other woven textile coverings decreased by -16.1% to 724M square meters for the first time since 2015, thus ending a six-year rising trend. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. The global exports peaked at 863M square meters in 2021, and then declined markedly in the following year.

In value terms, woven carpet exports reduced to $5.3B in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, the exports attained the peak of $6.3B, and then declined in the following year.

Exports By Country

Turkey was the main exporting country with an export of around 417M square meters, which reached 58% of total exports. China (85M square meters) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by India (8.3%) and Belgium (5.3%). Germany (13M square meters) held a little share of total exports.

Turkey was also the fastest-growing in terms of the woven carpets and other woven textile coverings exports, with a CAGR of +5.5% from 2012 to 2022. At the same time, India (+2.9%) and Germany (+2.6%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Belgium (-2.1%) illustrated a downward trend over the same period. Turkey (+10 p.p.) significantly strengthened its position in terms of the global exports, while China and Belgium saw its share reduced by -3.7% and -3.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($2.3B) remains the largest woven carpet supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by India ($688M), with a 13% share of global exports. It was followed by China, with a 10% share.

In Turkey, woven carpet exports increased at an average annual rate of +3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+7.7% per year) and China (+2.6% per year).

Exports By Type

Carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 prevails in exports structure, amounting to 528M square meters, which was approx. 73% of total exports in 2022. Carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (58M square meters) held the second position in the ranking, followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (38M square meters). All these products together held near 13% share of total exports. Carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (23M square meters), carpets and other textile floor coverings; woven, (not tufted or flocked), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20 (17M square meters), carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (15M square meters) and carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (14M square meters) took a relatively small share of total exports.

Exports of carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (+7.1%), carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+6.8%) and carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (+4.3%) displayed positive paces of growth. Moreover, carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 emerged as the fastest-growing type exported in the world, with a CAGR of +7.1% from 2012-2022. Carpets and other textile floor coverings; woven, (not tufted or flocked), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 and carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 experienced a relatively flat trend pattern. From 2012 to 2022, the share of carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 increased by +7.3 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 ($3.3B) remains the largest type of woven carpets and other woven textile coverings supplied worldwide, comprising 62% of global exports. The second position in the ranking was held by carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($340M), with a 6.4% share of global exports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of the value of carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 exports amounted to +2.9%. For the other products, the average annual rates were as follows: carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (-0.7% per year) and carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (+0.9% per year).

Export Prices By Type

In 2022, the average woven carpet export price amounted to $7.4 per square meter, approximately reflecting the previous year. Over the period under review, the export price, however, showed a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of 9% against the previous year. The global export price peaked at $8.9 per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($31 per square meter), while the average price for exports of carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($5.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, of coconut fibres (coir) (+5.6%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average woven carpet export price amounted to $7.4 per square meter, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 9%. The global export price peaked at $8.9 per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($14 per square meter), while Turkey ($5.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform