Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States - 2024
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States (CIF) - 2024
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States (FOB) - 2024
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States (CIF) - 2024
In December 2023, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $7.8 per square meter, approximately equating the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 3.4% month-to-month. As a result, import price reached the peak level of $8.2 per square meter. From September 2023 to December 2023, 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 2023, the country with the highest price was Mexico ($12.2 per square meter), while the price for Egypt ($3.5 per square meter) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%), 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 the United States (FOB) - 2024
In December 2023, the average export price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $13.6 per square meter, stabilizing at the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2023 when the average export price increased by 7% month-to-month. The export price peaked in December 2023.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Saudi Arabia ($25.6 per square meter), while the average price for exports to Mexico ($8.2 per square meter) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of carpets and other textile floor coverings; tufted, whether or not made ups, when their volume decreased by -7.8% to 120M square meters. The total import volume increased at an average annual rate of +9.3% 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 34% against the previous year. As a result, imports reached the peak of 131M square meters, and then dropped in the following year.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups fell to $1B in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of $1B, and then fell modestly in the following year.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 286 | 257 | 368 | 319 | 3.7% |
| China | 233 | 160 | 188 | 179 | -8.4% |
| Mexico | 60.7 | 58.0 | 59.9 | 116 | 24.1% |
| Vietnam | 23.5 | 63.4 | 94.8 | 107 | 65.7% |
| Turkey | 20.1 | 34.4 | 63.9 | 55.6 | 40.4% |
| Canada | 52.6 | 44.9 | 49.6 | 43.9 | -5.8% |
| Egypt | 38.6 | 57.3 | 57.9 | 39.5 | 0.8% |
| Others | 143 | 107 | 154 | 147 | 0.9% |
| Total | 857 | 783 | 1,035 | 1,007 | 5.5% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to the United States in 2022:
- India (29.4M square meters)
- China (25.9M square meters)
- Vietnam (15.9M square meters)
- Turkey (12.0M square meters)
- Mexico (11.6M square meters)
- Egypt (10.2M square meters)
- Canada (4.6M square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in the United States
In 2022, exports of carpets and other textile floor coverings; tufted, whether or not made ups from the United States reduced to 41M square meters, which is down by -4.8% on the previous year. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 1.7% against the previous year. Over the period under review, the exports of attained the peak figure at 54M 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 expanded slightly to $543M in 2022. In general, exports saw a deep slump. Over the period under review, the exports of reached the maximum at $685M 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 463 | 388 | 388 | 385 | -6.0% |
| Mexico | 72.2 | 55.2 | 60.3 | 61.4 | -5.3% |
| United Kingdom | 10.0 | 6.5 | 5.6 | 11.6 | 5.1% |
| Australia | 20.6 | 12.0 | 10.7 | 10.7 | -19.6% |
| Others | 120 | 70.2 | 64.1 | 74.3 | -14.8% |
| Total | 685 | 532 | 528 | 543 | -7.5% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from the United States in 2022:
- Canada (27.0M square meters)
- Mexico (7.8M square meters)
- United Kingdom (1.1M square meters)
- Australia (0.7M square meters)
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This report provides an in-depth analysis of the tufted carpet market in the U.S..
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This report provides an in-depth analysis of the global tufted carpet market.
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This report provides an in-depth analysis of the tufted carpet market in the U.S..
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This report provides an in-depth analysis of the global tufted carpet market.
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In terms of value, imports of Tufted Carpet reached $27M in June 2023.
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In terms of value, imports of Tufted Carpet reached $27M in June 2023.
