Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada - 2024
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada (CIF) - 2024
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada (FOB) - 2024
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada (CIF) - 2024
The average import price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $13.2 per square meter in January 2024, which is down by -3.7% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 23% against the previous month. The import price peaked at $13.8 per square meter in November 2023; however, from December 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($31.4 per square meter), while the price for China ($6.8 per square meter) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Egypt (+8.2%), 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 Canada (FOB) - 2024
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $12.9 per square meter in January 2024, picking up by 7.8% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 23% month-to-month. The export price peaked in January 2024.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +0.4% per month.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada
In 2022, approx. 39M square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into Canada; falling by -6.1% against 2021 figures. Over the period under review, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 11%. Over the period under review, imports of hit record highs at 44M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups contracted modestly to $470M in 2022. In general, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 7.3% against the previous year. Over the period under review, imports of hit record highs at $530M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 415 | 342 | 337 | 342 | -6.2% |
| China | 44.3 | 36.4 | 45.0 | 41.1 | -2.5% |
| India | 19.4 | 19.4 | 30.3 | 27.8 | 12.7% |
| Turkey | 12.6 | 14.2 | 24.9 | 19.4 | 15.5% |
| Mexico | 11.5 | 5.5 | 3.7 | 6.2 | -18.6% |
| Vietnam | 0.6 | 2.5 | 6.6 | 5.9 | 114.2% |
| Others | 25.9 | 21.9 | 26.7 | 28.2 | 2.9% |
| Total | 530 | 442 | 475 | 470 | -3.9% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Canada in 2022:
- United States (24.8M square meters)
- China (6.8M square meters)
- India (2.3M square meters)
- Turkey (1.6M square meters)
- Vietnam (1.0M square meters)
- Mexico (0.5M square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada
In 2022, the amount of carpets and other textile floor coverings; tufted, whether or not made ups exported from Canada shrank significantly to 5.1M square meters, with a decrease of -15.5% against 2021 figures. In general, exports showed a deep reduction. The smallest decline of -3.4% was in 2021. The exports peaked at 7.3M square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups shrank to $50M in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%. Over the period under review, the exports of reached the maximum at $62M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 60.6 | 49.8 | 54.0 | 48.5 | -7.2% |
| Others | 1.8 | 1.7 | 1.3 | 1.3 | -10.3% |
| Total | 62.4 | 51.5 | 55.3 | 49.7 | -7.3% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Canada in 2022:
- United States (4.9M square meters)
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During the review period, imports of Tufted Carpet reached a peak of 384K square meters in April 2023. However, from May 2023 to September 2023, imports struggled to regain momentum. In terms of value, tufted carpet imports decreased to $3.4M in September 2023.
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During the review period, imports of Tufted Carpet reached a peak of 384K square meters in April 2023. However, from May 2023 to September 2023, imports struggled to regain momentum. In terms of value, tufted carpet imports decreased to $3.4M in September 2023.
