Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh - 2022

Contents:

1. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh (CIF) - 2022
2. Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh (FOB) - 2022
3. Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh
4. Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh (CIF) - 2022

In 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $9.2 per square meter, picking up by 82% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 148%. As a result, import price attained the peak level of $12 per square meter. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($14 per square meter), while the price for China ($6 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+79.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh (FOB) - 2022

The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $2.2 per square meter in 2022, shrinking by -53.5% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by 127%. Over the period under review, the average export prices reached the peak figure at $14 per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($12 per square meter), while the average price for exports to India ($0.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+51.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh

For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of carpets and other textile floor coverings; tufted, whether or not made ups, which increased by 7.7% to 701K square meters in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $4.6M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Bangladesh in 2022:

1. China (634.8K square meters)
2. United Arab Emirates (32.1K square meters)
3. Thailand (12.8K square meters)
4. Indonesia (10.9K square meters)

Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Bangladesh

In 2022, approx. 274K square meters of carpets and other textile floor coverings; tufted, whether or not made ups were exported from Bangladesh; growing by 91% against the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 351% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups dropped significantly to $702K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 168%. As a result, the exports reached the peak of $875K, and then contracted markedly in the following year.

Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Bangladesh in 2022:

1. India (203.7K square meters)
2. Austria (17.0K square meters)
3. Sweden (13.0K square meters)
4. Poland (11.3K square meters)
5. Germany (10.7K square meters)
6. Australia (7.3K square meters)
7. Czech Republic (0.1K square meters)

Source: IndexBox Market Intelligence Platform