Report Update: May 1, 2024

India - Tufted Carpets And Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Tufted Carpet Price in India - 2023

Tufted Carpet Price in India (FOB) - 2023

In July 2023, the average tufted carpet export price amounted to $9.6 per square meter, growing by 2.2% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 6.3% m-o-m. As a result, the export price reached the peak level of $10.6 per square meter. From September 2022 to July 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the United Arab Emirates ($22.7 per square meter), while the average price for exports to Brazil ($4.8 per square meter) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Price in India (CIF) - 2022

The average tufted carpet import price stood at $4.5 per square meter in 2022, declining by -20.5% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 7.6% against the previous year. The import price peaked at $9.8 per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15 per square meter), while the price for Indonesia ($2.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Tufted Carpet Exports in India

After three years of growth, shipments abroad of tufted carpets and other tufted textile floor coverings decreased by -25.7% to 62M square meters in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of 84M square meters, and then fell significantly in the following year.

In value terms, tufted carpet exports shrank dramatically to $619M in 2022. The total export value increased at an average annual rate of +5.0% 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 with an increase of 39% against the previous year. As a result, the exports reached the peak of $765M, and then reduced dramatically in the following year.

Export of Tufted Carpet in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	310	339	448	351	4.2%
United Kingdom	43.9	40.0	56.2	39.4	-3.5%
Germany	20.9	23.0	33.1	29.3	11.9%
Australia	16.8	17.2	21.8	19.8	5.6%
Canada	9.8	11.6	20.5	18.7	24.0%
United Arab Emirates	11.8	8.9	15.3	15.0	8.3%
Netherlands	9.7	10.5	16.6	14.6	14.6%
France	11.4	12.6	19.4	14.5	8.3%
Italy	11.0	8.6	14.9	14.2	8.9%
Spain	8.2	6.9	11.9	9.9	6.5%
Brazil	6.9	6.1	6.8	4.2	-15.3%
Others	74.1	64.4	99.7	87.7	5.8%
Total	534	549	765	619	5.0%

Top Export Markets for Tufted Carpet from India in 2022:

United States (31.3M square meters)
Germany (4.3M square meters)
United Kingdom (4.1M square meters)
Australia (2.2M square meters)
Canada (1.9M square meters)
Netherlands (1.9M square meters)
Italy (1.7M square meters)
France (1.3M square meters)
United Arab Emirates (1.2M square meters)
Spain (1.2M square meters)
Brazil (1.0M square meters)

Tufted Carpet Imports in India

Tufted carpet imports into India surged to 20M square meters in 2022, with an increase of 54% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tufted carpet imports skyrocketed to $92M in 2022. Overall, imports, however, showed a abrupt contraction. Over the period under review, imports attained the peak figure at $108M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Tufted Carpet in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	12.4	13.9	27.6	31.4	36.3%
China	31.4	15.4	14.5	18.2	-16.6%
Thailand	25.0	17.8	10.7	14.4	-16.8%
United States	9.1	5.5	4.3	5.8	-13.9%
Turkey	2.6	1.7	2.2	2.5	-1.3%
Netherlands	2.5	2.7	2.8	2.5	0.0%
United Arab Emirates	2.5	1.7	1.6	2.2	-4.2%
Indonesia	2.8	1.2	1.5	2.2	-7.7%
Malaysia	1.5	0.8	1.2	1.4	-2.3%
Others	17.6	9.2	8.2	11.0	-14.5%
Total	108	69.9	74.6	91.6	-5.3%

Top Suppliers of Tufted Carpet to India in 2022:

Vietnam (10.3M square meters)
China (3.6M square meters)
Thailand (1.7M square meters)
Indonesia (0.8M square meters)
Turkey (0.6M square meters)
Netherlands (0.6M square meters)
Malaysia (0.5M square meters)
United Arab Emirates (0.4M square meters)
United States (0.4M square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tufted carpet market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023