Australia - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Carpet Price Rises Slightly to $8.2 per Square Meter
Australia Carpet Import Price in December 2022
In December 2022, the carpet price amounted to $8.2 per square meter (CIF, Australia), increasing by 4.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in February 2022 an increase of 26% against the previous month. As a result, import price attained the peak level of $8,670 per thousand square meters. From March 2022 to December 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was New Zealand ($12.7 per square meter), while the price for Belgium ($5.0 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Australia Carpet Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was knotted carpets and other knotted textile floor coverings ($46.4 per square meter), while the price for woven carpets and other woven textile coverings ($6.8 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by tufted carpet (+4.5%), while the prices for the other products experienced mixed trend patterns.
Australia Carpet Imports
In December 2022, the amount of carpets and other textile floor coverings imported into Australia contracted sharply to 2.1M square meters, reducing by -18.4% against November 2022 figures. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in March 2022 with an increase of 45% against the previous month. Over the period under review, imports reached the peak figure at 6.3M square meters in December 2021; however, from January 2022 to December 2022, imports stood at a somewhat lower figure.
In value terms, carpet imports declined to $17M (IndexBox estimates) in December 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in August 2022 when imports increased by 36% month-to-month. Imports peaked at 36M square meters in December 2021; however, from January 2022 to December 2022, imports remained at a lower figure.
Australia Carpet Imports by Type
In December 2022, woven carpets and other woven textile coverings (1.5M square meters) constituted the largest type of carpet supplied to Australia, accounting for a 72% share of total imports. Moreover, woven carpets and other woven textile coverings exceeded the figures recorded for the second-largest type, tufted carpets and other tufted textile floor coverings (556K square meters), threefold.
From December 2021 to December 2022, the average monthly growth rate of the volume of import of woven carpets and other woven textile coverings amounted to -2.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: tufted carpets and other tufted textile floor coverings (-15.7% per month) and knotted carpets and other knotted textile floor coverings (+2.2% per month).
In value terms, woven carpets and other woven textile coverings ($10M) constituted the largest type of carpet supplied to Australia, comprising 60% of total imports. The second position in the ranking was taken by tufted carpets and other tufted textile floor coverings ($5.1M), with a 30% share of total imports.
Australia Carpet Imports by Country
India (585K square meters), Turkey (393K square meters) and China (339K square meters) were the main suppliers of carpet imports to Australia, with a combined 63% share of total imports. New Zealand, the United States, Belgium and Iran lagged somewhat behind, together comprising a further 27%.
From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +5.5%), while imports for the other leaders experienced a decline.
In value terms, the largest carpet suppliers to Australia were India ($6.2M), New Zealand ($3.1M) and China ($2.2M), together accounting for 67% of total imports. Turkey, the United States, Iran and Belgium lagged somewhat behind, together comprising a further 23%.
Among the main suppliers, Iran, with a CAGR of +2.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Rising Costs of Raw Materials and High-End Equipment Drive Up Prices of Carpets
Firstly, the cost of raw materials such as wool and nylon has increased, which has led to an increase in manufacturing costs. Additionally, the weak Australian dollar has made it more expensive for manufacturers to import machinery and equipment, further driving up the cost of production.
Furthermore, there has been an increase in demand for premium quality carpets, which has resulted in manufacturers investing in high-end production equipment and advanced manufacturing processes. This has also contributed to the rise in prices.
Industry experts believe that the demand for carpets will remain strong despite the price increase, as they offer numerous benefits such as insulation, noise reduction, and added comfort.
This report provides an in-depth analysis of the carpet market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13931100 - Knotted carpets and other knotted textile floor coverings
- Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
- Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
