Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan - 2023
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan (CIF) - 2023
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan (FOB) - 2022
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan (CIF) - 2023
The average import price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $2.8 per square meter in July 2023, picking up by 14% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 44% against the previous month. Over the period under review, average import prices reached the peak figure at $3.7 per square meter in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($11.3 per square meter), while the price for Egypt ($946 per thousand square meters) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), 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 Pakistan (FOB) - 2022
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $3.5 per square meter in 2022, with a decrease of -28.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 109%. Over the period under review, the average export prices reached the peak figure at $9.2 per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($10 per square meter), while the average price for exports to the United Arab Emirates ($2.2 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 Kenya (+33.6%), 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 Pakistan
In 2022, approx. 3.2M square meters of carpets and other textile floor coverings; tufted, whether or not made ups were imported into Pakistan; shrinking by -15.5% on the previous year's figure. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of 3.8M square meters, and then dropped significantly in the following year.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups shrank notably to $7.9M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. As a result, imports reached the peak of $9.5M, and then shrank sharply in the following year.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 2.6 | 4.7 | 4.1 | 6.4% |
| South Korea | 0.6 | 0.6 | 0.9 | 1.1 | 22.4% |
| United Arab Emirates | 1.6 | 0.8 | 0.5 | 0.5 | -32.1% |
| United Kingdom | 0.2 | 0.7 | 0.4 | 0.5 | 35.7% |
| Iran | 0.6 | 1.0 | 1.0 | 0.4 | -12.6% |
| Turkey | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Egypt | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Others | 0.9 | 0.6 | 1.5 | 0.8 | -3.9% |
| Total | 7.9 | 6.8 | 9.5 | 7.9 | 0.0% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Pakistan in 2022:
- China (1389.7K square meters)
- Iran (580.4K square meters)
- United Arab Emirates (418.9K square meters)
- South Korea (245.5K square meters)
- Turkey (151.7K square meters)
- United Kingdom (97.0K square meters)
- Egypt (86.2K square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan
In 2022, after three years of growth, there was significant decline in shipments abroad of carpets and other textile floor coverings; tufted, whether or not made ups, when their volume decreased by -33.2% to 92K square meters. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. Over the period under review, the exports of hit record highs at 138K square meters in 2021, and then declined dramatically in the following year.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups contracted markedly to $362K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 13%. As a result, the exports attained the peak of $693K, and then shrank significantly in the following year.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 285 | 231 | 368 | 126 | -23.8% |
| Afghanistan | 64.1 | 109 | 121 | 80.8 | 8.0% |
| United Arab Emirates | 51.5 | 80.8 | 64.5 | 43.1 | -5.8% |
| United States | 28.3 | 44.9 | 46.9 | 32.4 | 4.6% |
| Kenya | N/A | 20.7 | 9.1 | 30.0 | 20.4% |
| Oman | N/A | N/A | N/A | 17.8 | 0% |
| Qatar | 151 | 121 | 47.5 | 12.6 | -56.3% |
| Others | 44.3 | 4.8 | 35.2 | 19.6 | -23.8% |
| Total | 624 | 612 | 693 | 362 | -16.6% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Pakistan in 2022:
- Japan (29.8K square meters)
- Afghanistan (20.2K square meters)
- United Arab Emirates (19.6K square meters)
- United States (7.4K square meters)
- Oman (5.2K square meters)
- Qatar (4.1K square meters)
- Kenya (2.9K square meters)
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This report provides an in-depth analysis of the tufted carpet market in Pakistan.
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This report provides an in-depth analysis of the global tufted carpet market.
601
This report provides an in-depth analysis of the tufted carpet market in Pakistan.
978
This report provides an in-depth analysis of the global tufted carpet market.
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