Turkey and China Are the Fastest Growing Exporters of Carpets

Carpets And Rugs May 16, 2018
World - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

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IndexBox has just published a new report "World: Carpets And Other Textile Floor Coverings - Market Report. Analysis And Forecast To •••". Here is a summary of the report’s key findings.

Global Carpet Consumption Growth Accelerated Over the Last Three Years

In 2016, the global carpet market amounted to ••• sq. m, growing consistently over the last four years. It was preceded by notable decline in 2009, then the volume of consumption remained static through 2013. Over the last three years, it accelerated noticeably, driven by rising consumption in China. In wholesale prices, the market stood at $••• in 2016; this figure remained relatively stable with only mild fluctuations over the last seven years.

Global Market for Carpets to Post Moderate Growth Due to the Ongoing Civil Construction Growth

In the medium term, it is expected that the growing housing sector in the U.S. will be a key driver for the development of the carpets and rugs market, since residential real estate accounts for the largest part of the world carpet market, and the U.S. is the world's largest carpet consumer. At the same time, the rapid growth of the construction industry in the countries of the Asia-Pacific region in the sector of both residential and non-residential and administrative buildings will also stimulate market growth. In addition, the steady demand from the automotive and civil aviation industry throughout the world will continue to influence both the expansion of the market and the improvement of production technologies.

On the backdrop of the ongoing urbanization in China and other Asian countries, as well as the strong performance of residential construction in the U.S., it is expected that the market should retain its current positive momentum in the immediate term. The performance of the market is forecast to accelerate slightly, with an anticipated CAGR of +•••% for the period from 2017 to •••, which is expected to bring the market volume to ••• sq. m. by •••.

The U.S. Consumed Approx. One Third of the Total Carpet Market Volume

The countries with the highest consumption were the U.S. (•••%), Egypt (•••%), Canada (•••%), China (•••%), the UK (•••%), Australia, Turkey, Indonesia and Japan (•••%, each), India and Iran (•••%, each). The remaining countries comprised near •••% of global consumption. 

The highest annual growth rates of carpets consumption from 2007 to 2016 were recorded in China, with +•••% growth, Iran and Turkey, with +•••% and +•••% growth, respectively. Consequently, China strengthened its share in terms of the global consumption from •••% in 2007 to •••% in 2016. Turkey and Iran increased their shares by +••• percentage points, each. By contrast, shares of Canada (-••• percentage points) and Egypt (-••• percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Canada (••• sq.m./year in 2016), Australia (••• sq.m./year), which were significantly higher than the world average of ••• sq.m./year. The lowest per capita consumption was observed in China (••• sq.m./year) and India (••• sq.m./year). From 2007 to 2016, in China and Australia there was an annual growth of per capita consumption at +•••% per year and +•••% per year, respectively, while Canada (-•••%) and India (-•••%) had negative dynamics in terms of per capita consumption.

Carpet Production Contined to Grow Robustly 

Production of carpets stood at ••• sq.m. in 2016, which was ••• sq.m. (or •••%) less than the outset level. Previously, the global carpet output reduced from ••• sq.m. in 2007 to the lowest level of ••• sq.m. in 2010. It fluctuated over the period 2011-2012, after which there was growth of around •••% over the last four years. However, production is still in the recovery phase. In value terms, production was relatively stable over the last year, amounting to $••• in 2016. There was an average decline by -•••% per year from 2007 to 2016.

The U.S. Remained the Main Global Producer of Carpets 

The U.S. was the key world carpets producing country with an output of about ••• sq.m. in 2016, which accounted for •••% of total global output. The other major producers were China (•••%), Turkey (•••%), Egypt (•••%), Canada (•••%), Belgium (•••%), India (•••%) and the Netherlands (•••%). Most of the other major producing countries showed decline of carpets output in physical terms. In the U.S. it decline by -•••% from 2007-2016. The highest annual growth rates were observed in Turkey (+•••%) and China (+•••%).

About •••% of Global Carpet Production Was Exported 

In 2016, approx. •••% of global production was sent to exports and this share increased from 2007 (+••• percentage points). High trade intensity is determined mainly by the substantial distances between the main countries of carpets manufacturing and key consuming countries. Carpets will continue to be highly traded, fueled by increasing consumption, trade liberalization policies, intense global and regional integration.

Turkey and China Emerged as the Fastest Growing Exporters of Carpets

In 2016, the volume of global exports totalled ••• sq.m., which equated to $•••, with a mixed trend pattern over the last few years. A deep plunge in 2009 was followed by a steady growth up to 2014, when it leveled off and remained static through 2016. In value terms, the trend pattern was similar to that of exports in physical terms, except for the last two years: it dropped by •••% in 2015 and remained unchanged in 2016. Given the growth in exports in physical terms, the reduction in the value of exports was due to a decline in export prices in the world's leading producer countries. This, in turn, was caused by the devaluation of their national currencies against the U.S. dollar amid falling oil prices.

Turkey (••• sq.m.), China (••• sq.m.), Belgium (••• sq.m.), the Netherlands (••• sq.m.) and India (••• sq.m.) were the main global suppliers of carpets with a combined share of •••% of global exports. Turkey and China constituted the fastest growing exporters. From 2007 to 2016, average annual growth rates of carpets exports from these countries stood at +•••% and +•••%, respectively. Meanwhile, the other major exporting countries decreased their exports over the period under review.

The U.S. Remains the Largest Market for Imported Carpets

The volume of global imports totalled ••• sq.m. in 2016, which was equal to $••• in value terms. Imports trend pattern generally mirrored that of exports: these trade flows globally complement each other.

In 2016, the U.S. (••• sq.m.), the U.K. (••• sq.m.), Germany (••• sq.m.), Canada (••• sq.m.) and Japan (••• sq.m.) constituted the leading destinations of carpets imports, together comprising •••% of global imports. Amongst the major importing countries, the U.S. (+•••% per year) and Germany (+•••% per year) gained the highest annual growth rates from 2007 to 2016. At the same time, the U.K. (-•••%), Canada (-•••%) and Japan (-•••%) indicated an overall contraction of carpet imports over the same period. Consequently, the share of the U.S. in terms of the global imports increased significantly from •••% in 2007 to •••% in 2016, while the share of the UK (-••• percentage points) illustrated a noticeable contraction. The shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global carpet market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • carpet market share
  • carpet prices
  • carpet industry
  • carpet sales
  • carpet import
  • carpet export
  • carpet market forecast
  • carpet price forecast
  • key carpet producers

Source: World: Carpets And Other Textile Floor Coverings - Market Report. Analysis And Forecast To •••

Product coverage: carpets and other textile floor coverings (excluding knotted, woven, tufted, needlefelt).

This report provides an in-depth analysis of the global carpet market. 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 2025.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• 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

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market And Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Physical Terms, By Country, 2007–2017
Table 7: Imports, In Value Terms, By Country, 2007–2017
Table 8: Import Prices, By Country Of Destination, 2007–2017
Table 9: Exports, In Physical Terms, By Country, 2007–2017
Table 10: Exports, In Value Terms, By Country, 2007–2017
Table 11: Export Prices, By Country Of Origin, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Exports And Growth
Figure 11: Export Prices And Growth
Figure 12: Market Size And Growth
Figure 13: Per Capita Consumption
Figure 14: Imports And Growth
Figure 15: Import Prices
Figure 16: Production, In Physical Terms, 2007–2017
Figure 17: Production, In Value Terms, 2007–2017
Figure 18: Production, By Country, 2017
Figure 19: Production, In Physical Terms, By Country, 2007–2017
Figure 20: Imports, In Physical Terms, 2007–2017
Figure 21: Imports, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, By Country, 2017
Figure 23: Imports, In Physical Terms, By Country, 2007–2017
Figure 24: Imports, In Value Terms, By Country, 2007–2017
Figure 25: Import Prices, By Country, 2007–2017
Figure 26: Exports, In Physical Terms, 2007–2017
Figure 27: Exports, In Value Terms, 2007–2017
Figure 28: Exports, In Physical Terms, By Country, 2017
Figure 29: Exports, In Physical Terms, By Country, 2007–2017
Figure 30: Exports, In Value Terms, By Country, 2007–2017
Figure 31: Export Prices, 2007–2017