Which Country Exports the Most Knotted Carpets in the World?
Carpets And Rugs May 28, 2018
Global knotted carpet exports stood at 24K tonnes in 2016, waning by -19.5% against the previous year level. In general, knotted carpet exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by 63% against the previous year level. Global knotted carpet export peaked of 41K tonnes in 2010; however, from 2011 to 2016, it stood at a somewhat lower level.
In value terms, knotted carpet exports totaled $1.3B in 2016. Overall, knotted carpet exports continue to indicate a relatively flat trend pattern. Over the period under review, global knotted carpet exports attained its maximum level of $1.7B in 2013; however, from 2014 to 2016, it failed to regain its strength.
Top Knotted Carpet Exporting Countries in the World
1. China (78.3 million USD)
2. Germany (52.1 million USD)
3. Turkey (51.0 million USD)
4. USA (22.4 million USD)
5. Italy (20.3 million USD)
6. Denmark (11.5 million USD)
7. United Kingdom (11.2 million USD)
8. United Arab Emirates (7.4 million USD)
9. Morocco (6.3 million USD)
Knotted Carpet Exports By Country
China (10K tonnes) was the main exporting country with an export of about 10K tonnes, which amounted to 41% of total exports. It was distantly followed by United Arab Emirates (3.9K tonnes), the U.S. (2.2K tonnes), Turkey (2K tonnes), and Germany (1.4K tonnes), together generating 39% share of total knotted carpet exports. The following exporters - Denmark (523 tonnes), Morocco (487 tonnes), the UK (446 tonnes), and Italy (377 tonnes) occupied approx. 8% of total exports, each.
Exports from China decreased at an average annual rate of nan% from 2007 to 2016. At the same time, United Arab Emirates (+6.8%), Italy (+5.9%), and Denmark (+4.0%) displayed positive paces of growth. Moreover, United Arab Emirates emerged as the fastest growing importer/exporter in the world, with a CAGR of +6.8% from 2007-2016. Turkey experienced a relatively flat trend pattern. By contrast, Germany (-2.8%), the U.S. (-6.1%), Morocco (-8.2%), and the UK (-10.5%) illustrated a downward trend over the same period. While the share of the U.S. (7%), the UK (3%), Morocco (2%), and Germany (2%) increased significantly, the share of United Arab Emirates (-7.1%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($78M), Germany ($52M) and Turkey ($51M) were the countries with the highest levels of exports in 2016, together accounting for 14% of global exports. These countries were followed by the U.S., Italy, Denmark, the UK, United Arab Emirates and Morocco, which together accounted for a further 6%.
Italy (+6.1% per year) experienced the highest rates of growth with regard to the knotted carpet exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Knotted Carpet Export Prices By Country
The average knotted carpet export price stood at $55 per kg in 2016, ascending by 14% against the previous year. Overall, knotted carpet export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, when it surged by 22% against the previous year level. Over the period under review, average knotted carpet export price reached its maximum level of $62 per kg in 2008; however, from 2009 to 2016, it failed to regain its strength.
There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was Italy ($54 per kg), while United Arab Emirates ($1,912 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of knotted carpet export prices was attained by Morocco (+6.8% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global knotted carpet market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- knotted carpet market share
- knotted carpet prices
- knotted carpet industry
- knotted carpet sales
- knotted carpet import
- knotted carpet export
- knotted carpet market forecast
- knotted carpet price forecast
- key knotted carpet producers
All data provided in this article covers the following product: HS Code 5701 - Carpets and other textile floor coverings; knotted, whether or not made up.
Source: World: Carpets And Other Textile Floor Coverings - Market Report. Analysis and Forecast to 2025
