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

Contents:

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

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

The average import price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $10.3 per square meter in December 2022, with an increase of 4.2% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in July 2022 an increase of 42% month-to-month. As a result, import price reached the peak level of $11.1 per square meter. From August 2022 to December 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 December 2022, the country with the highest price was the United Arab Emirates ($12.1 per square meter), while the price for the United States ($7.7 per square meter) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.4%), 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 Jordan (FOB) - 2022

In December 2022, the average export price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $9.2 per square meter, surging by 4.6% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in April 2022 an increase of 17% month-to-month. Over the period under review, the average export prices hit record highs at $9.5 per square meter in September 2022; however, from October 2022 to December 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In December 2022, the country with the highest price was Saudi Arabia ($9.1 per square meter), while the average price for exports to Yemen amounted to $9.1 per square meter.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+7.7%), 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 Jordan

In 2022, overseas purchases of carpets and other textile floor coverings; tufted, whether or not made ups decreased by -38.9% to 680K square meters for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of 1.1M square meters, and then shrank sharply in the following year.

In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups declined significantly to $6.3M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $8.3M, and then shrank rapidly in the following year.

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

1. Turkey (277.1K square meters)
2. Netherlands (97.2K square meters)
3. China (89.4K square meters)
4. United Arab Emirates (73.7K square meters)
5. Belgium (54.5K square meters)
6. Egypt (41.2K square meters)
7. India (15.1K square meters)

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

For the third year in a row, Jordan recorded decline in overseas shipments of carpets and other textile floor coverings; tufted, whether or not made ups, which decreased by -58.5% to 234K square meters in 2022. Over the period under review, exports faced a dramatic curtailment. The smallest decline of -35.9% was in 2020. Over the period under review, the exports of hit record highs at 1.4M 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 declined rapidly to $2M in 2022. In general, exports saw a dramatic decline. The smallest decline of -35.2% was in 2020. The exports peaked at $11M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Saudi Arabia (154.0K square meters)
2. Libya (24.7K square meters)
3. Lebanon (18.4K square meters)
4. Free Zones (13.8K square meters)
5. Angola (6.6K square meters)
6. Morocco (6.2K square meters)
7. Syrian Arab Republic (3.7K square meters)
8. United Arab Emirates (0.8K square meters)

Source: IndexBox Market Intelligence Platform