Which Country Exports the Most Knotted Carpets in the World?

IndexBox has just published a new report "World: Carpets And Other Textile Floor Coverings - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 59K tonnes of knotted carpet were imported worldwide- dropping by -3.0% against the previous year figure. Overall, knotted carpet imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013, an increase of 5% from the previous year level. Global knotted carpet import peaked of 92K tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, knotted carpet imports totaled $963M in 2016. Overall, knotted carpet imports continue to indicate a abrupt contraction. Global knotted carpet import peaked of $1.6B in 2007- however, from 2008 to 2016, it failed to regain its strength.

Top Knotted Carpet Importing Countries in the World

1. USA (450.4 million USD)

2. Germany (97.2 million USD)

3. United Kingdom (43.4 million USD)

4. Italy (24.7 million USD)

5. France (22.3 million USD)

6. United Arab Emirates (20.2 million USD)

7. Australia (19.0 million USD)

8. Ethiopia (2.2 million USD)

9. Mauritania (1.6 million USD)

Knotted Carpet Imports By Country

The U.S. (22K tonnes) represented the largest importing country with an import of about 22K tonnes, which reached 38% of total imports. It was distantly followed by the UK (7.9K tonnes), Germany (4.1K tonnes), and Mauritania (2.8K tonnes), together making up 25% share of total knotted carpet imports. France (1.5K tonnes), Italy (1.3K tonnes), Ethiopia (1.2K tonnes), Australia (1.1K tonnes), and United Arab Emirates (1.1K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to knotted carpet imports into the U.S. stood at -4.9%. At the same time, Ethiopia (+8.4%), the UK (+4.1%), and Mauritania (+7.7%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest growing importer/exporter in the world, with a CAGR of +8.4% from 2007-2016. France experienced a relatively flat trend pattern. By contrast, Australia (-2.8%), United Arab Emirates (-6.8%), Germany (-13.9%), and Italy (-14.9%) illustrated a downward trend over the same period. From 2007 to 2016, the share of the U.S., Germany, Italy, and United Arab Emirates increased by 22%, 20%, 7%, and 2% percentage points, while the UK (-4.1%), and Mauritania (-2.3%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($450M) constitutes the largest market for imported knotted carpet worldwide, making up 47% of global imports. The second position in the ranking was occupied by Germany ($97M), with the share of 10% of global imports. It was followed by the UK, with the share of 5%.

From 2007 to 2016, the average annual growth rate of value of knotted carpet imports in the U.S. decreased by -2.7%. In the other countries, the average annual rates were as follows: Germany (-11.0% per year) and the UK (-2.9% per year).

Knotted Carpet Import Prices By Country

The average knotted carpet import price stood at $16 per kg in 2016, standing approx. at the previous year level. Overall, knotted carpet import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012, when it surged by 6% y-o-y. Global knotted carpet import peaked of $18 per kg in 2007- however, from 2008 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Germany ($23 per kg), while Mauritania ($569 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of knotted carpet import prices was attained by United Arab Emirates (+6.1% 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