India - Tufted Carpets And Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's October 2023 Export of Tufted Carpets Surges to $38M
India Tufted Carpet Exports
In October 2023, tufted carpet exports from India rose sharply to 3.8M square meters, with an increase of 5.6% against the previous month's figure. The total export volume increased at an average monthly rate of +2.0% from October 2022 to October 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in May 2023 when exports increased by 24% against the previous month. The exports peaked at 4.4M square meters in August 2023; however, from September 2023 to October 2023, the exports failed to regain momentum.
In value terms, tufted carpet exports amounted to $38M (IndexBox estimates) in October 2023. The total export value increased at an average monthly rate of +2.1% over the period from October 2022 to October 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in May 2023 when exports increased by 13% against the previous month. Over the period under review, the exports hit record highs at 42M square meters in August 2023; however, from September 2023 to October 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Tufted Carpet in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 16.8 | 20.1 | 20.7 | 16.8 | 16.1 | 17.7 | 18.5 | 19.8 | 21.4 | 21.8 | 24.9 | 20.6 | 22.6 |
| United Kingdom | 1.7 | 1.7 | 2.0 | 2.1 | 1.5 | 1.7 | 1.9 | 2.2 | 2.7 | 2.4 | 3.0 | 2.3 | 2.4 |
| Germany | 0.9 | 1.1 | 2.0 | 1.1 | 1.7 | 1.4 | 1.8 | 2.8 | 2.3 | 1.4 | 1.4 | 1.9 | 2.0 |
| Netherlands | 0.9 | 0.8 | 0.7 | 1.1 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 1.0 | 1.2 | 0.8 | 0.9 |
| Australia | 1.0 | 0.9 | 1.1 | 0.9 | 0.7 | 0.8 | 0.9 | 1.0 | 0.8 | 0.9 | 1.0 | 1.1 | 0.8 |
| France | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 1.0 | 0.8 | 1.3 | 1.2 | 1.2 | 0.8 | 0.7 | 0.6 |
| Canada | 0.4 | 0.4 | 0.9 | 1.2 | 0.8 | 0.5 | 0.7 | 0.6 | 0.5 | 0.6 | 0.7 | 0.5 | 0.5 |
| Others | 7.3 | 7.8 | 7.4 | 7.0 | 6.8 | 7.4 | 6.3 | 7.4 | 8.8 | 8.6 | 8.8 | 7.8 | 8.3 |
| Total | 29.6 | 33.5 | 35.4 | 31.3 | 29.2 | 31.2 | 31.5 | 35.6 | 38.6 | 38.0 | 41.7 | 35.7 | 38.2 |
Exports by Country
The United States (2.1M square meters) was the main destination for tufted carpet exports from India, accounting for a 56% share of total exports. Moreover, tufted carpet exports to the United States exceeded the volume sent to the second major destination, the UK (250K square meters), ninefold. Germany (209K square meters) ranked third in terms of total exports with a 5.5% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of volume to the United States stood at +3.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+4.5% per month) and Germany (+6.6% per month).
In value terms, the United States ($23M) remains the key foreign market for tufted carpet exports from India, comprising 59% of total exports. The second position in the ranking was taken by the UK ($2.4M), with a 6.4% share of total exports. It was followed by Germany, with a 5.3% share.
From October 2022 to October 2023, the average monthly rate of growth in terms of value to the United States totaled +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (+3.3% per month) and Germany (+7.2% per month).
Exports by Type
Carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up (2.9M square meters) was the largest type of tufted carpet exported from India, accounting for a 76% share of total exports. Moreover, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up exceeded the volume of the second product type, carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up (932K square meters), threefold.
From October 2022 to October 2023, the average monthly growth rate of the volume of export of carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up stood at +1.9%.
In value terms, the most traded types of tufted carpets and other tufted textile floor coverings in India were carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up ($22M) and carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up ($16M).
In terms of the main product categories, carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up, with a CAGR of +2.6%, saw the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In October 2023, the tufted carpet price stood at $10.0 per square meter (FOB, India), remaining relatively unchanged against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 5.6% month-to-month. As a result, the export price reached the peak level of $10,315 per thousand square meters. From December 2022 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($16.1 per square meter), while the average price for exports to Brazil ($4.2 per square meter) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the tufted carpet market in India. 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 13931300 - Tufted carpets and other tufted textile floor coverings
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
