Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam - 2022
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam (FOB) - 2022
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam (CIF) - 2022
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam (FOB) - 2022
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $6.6 per square meter in 2022, waning by -9.2% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 153%. As a result, the export price attained the peak level of $47 per square meter. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($9.6 per square meter), while the average price for exports to Thailand ($3.2 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 Belgium (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam (CIF) - 2022
In December 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $8.3 per square meter, dropping by -1.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 an increase of 11% month-to-month. As a result, import price attained the peak level of $9.0 per square meter. From June 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($13.9 per square meter), while the price for Indonesia ($7.4 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 Thailand (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas shipments of carpets and other textile floor coverings; tufted, whether or not made ups, which increased by 6.9% to 34M square meters in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 56%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups declined modestly to $228M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, the exports attained the peak of $243M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.1 | 95.5 | 94.0 | 88.0 | 38.5% |
| India | 17.8 | 19.8 | 23.9 | 29.7 | 18.6% |
| Spain | 9.2 | 11.3 | 17.6 | 21.0 | 31.7% |
| United Kingdom | 4.7 | 11.0 | 19.5 | 16.2 | 51.1% |
| Japan | 37.5 | 27.4 | 17.4 | 15.8 | -25.0% |
| France | 4.5 | 6.3 | 7.6 | 11.0 | 34.7% |
| Italy | 3.8 | 6.2 | 6.4 | 6.9 | 22.0% |
| Australia | 4.0 | 8.4 | 4.5 | 6.0 | 14.5% |
| Thailand | 3.4 | 3.3 | 2.0 | 2.5 | -9.7% |
| Belgium | 1.8 | 9.0 | 5.7 | 1.0 | -17.8% |
| Others | 23.9 | 44.3 | 36.4 | 29.5 | 7.3% |
| Total | 144 | 243 | 235 | 228 | 16.6% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Vietnam in 2022:
- United States (10.4M square meters)
- India (8.4M square meters)
- France (2.5M square meters)
- Spain (2.4M square meters)
- United Kingdom (2.3M square meters)
- Japan (1.8M square meters)
- Australia (1.0M square meters)
- Italy (1.0M square meters)
- Thailand (0.8M square meters)
- Belgium (0.1M square meters)
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Vietnam
In 2022, supplies from abroad of carpets and other textile floor coverings; tufted, whether or not made ups increased by 7.3% to 5.2M square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep reduction. Over the period under review, imports of hit record highs at 6.2M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups totaled $44M in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. Over the period under review, imports of reached the peak figure at $48M 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.9 | 27.6 | 26.4 | 31.6 | 1.9% |
| Japan | 7.6 | 4.5 | 4.8 | 4.9 | -13.6% |
| Thailand | 4.8 | 2.8 | 3.1 | 2.7 | -17.5% |
| Malaysia | 2.0 | 1.6 | 1.1 | 1.4 | -11.2% |
| Indonesia | 1.1 | 1.8 | 1.4 | 1.2 | 2.9% |
| South Korea | 1.0 | 0.8 | 0.5 | 0.4 | -26.3% |
| Others | 2.0 | 1.3 | 1.5 | 1.5 | -9.1% |
| Total | 48.4 | 40.4 | 38.8 | 43.7 | -3.3% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Vietnam in 2022:
- China (3874.2K square meters)
- Japan (634.7K square meters)
- Thailand (182.1K square meters)
- Indonesia (146.7K square meters)
- Malaysia (139.9K square meters)
- South Korea (37.6K square meters)
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This report provides an in-depth analysis of the tufted carpet market in Vietnam.
1003
This report provides an in-depth analysis of the global tufted carpet market.
511
This report provides an in-depth analysis of the tufted carpet market in Vietnam.
1003
This report provides an in-depth analysis of the global tufted carpet market.
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