
Germany - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
Germany's Knotted Carpet Price Falls Remarkably to $54.4 per Square Meter
Germany Knotted Carpet Import Price in August 2022
In August 2022, the knotted carpet price stood at $54.4 per square meter (CIF, Germany), waning by -13.6% against the previous month. In general, the import price continues to indicate a mild curtailment. The growth pace was the most rapid in May 2022 when the average import price increased by 29% against the previous month. As a result, import price reached the peak level of $64.1 per square meter. From June 2022 to August 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Sweden ($92.9 per square meter), while the price for Afghanistan ($20.5 per square meter) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Germany Knotted Carpet Imports
In August 2022, imports of knotted carpets and other knotted textile floor coverings into Germany dropped dramatically to 75K square meters, shrinking by -21.8% on July 2022. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in March 2022 when imports increased by 33% m-o-m. As a result, imports reached the peak of 153K square meters. From April 2022 to August 2022, the growth of imports failed to regain momentum.
In value terms, knotted carpet imports fell markedly to $4.1M (IndexBox estimates) in August 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in July 2022 with an increase of 41% against the previous month. Imports peaked at 8M square meters in March 2022; however, from April 2022 to August 2022, imports remained at a lower figure.
Germany Knotted Carpet Imports by Country
India (19K square meters), Iran (17K square meters) and Nepal (9.4K square meters) were the main suppliers of knotted carpet imports to Germany, with a combined 61% share of total imports. Turkey, China, Morocco, Pakistan, Poland, Afghanistan, Sweden, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 35%.
From January 2022 to August 2022, the biggest increases were in China (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest knotted carpet suppliers to Germany were Iran ($1.2M), India ($840K) and Nepal ($816K), together comprising 71% of total imports. Pakistan, Turkey, Sweden, China, Morocco, Poland, Afghanistan, the Netherlands and Denmark lagged somewhat behind, together comprising a further 24%.
China, with a CAGR of +21.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the knotted carpet market in Germany. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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