Carpet Market - Turkey Remains Undisputed Leader in Exports of Carpets in the World, with $2.3B in 2014

Carpets And Rugs July 16, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

carpet market

Turkey continued its dominance in the global carpet and other textile floor covering trade. In 2014, Turkey exported 646 thousand tonnes of carpets and other textile floor coverings totaling 2.3 billion USD, 7% over the previous year. Its primary trading partner was Saudi Arabia, where it supplied 15.8% of its total exports on the carpet market in value terms, accounting for 74.2% of Saudi Arabia's total imports.

From 2007 to 2014, Turkey was a net exporter of carpets and other textile floor coverings. Over the period under review, exports consistently exceeded imports in value terms. The difference in physical terms was even more pronounced.

China and Belgium were among the other main global suppliers of carpets and other textile floor coverings in 2014. However, the fastest growing exporters from 2007 to 2014 were Egypt (+104.7% per year) and Turkey (+13.8% per year). By virtue of this, both countries were able to significantly strengthen their positions in the global export structure.

In 2014, Turkey's top 5 trading partners were Saudi Arabia, the U.S., Iraq, Germany and Libya, with a combined 46.8% share of Turkey's carpet and other textile floor covering exports. The share of Saudi Arabia increased significantly (+6.0 percentage points), while the share of the Russian Federation illustrated negative dynamics (-2.6 percentage points).

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Source: World: Carpets And Other Textile Floor Coverings - Market Report. Analysis and Forecast to 2020