Report Update: May 1, 2024

Estonia - Woven Carpets And Other Woven Textile Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Woven Carpet Price in Estonia - 2023

Woven Carpet Price in Estonia (CIF) - 2023

In September 2023, the average woven carpet import price amounted to $12.4 per square meter, picking up by 16% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in November 2022 an increase of 24% against the previous month. Over the period under review, average import prices hit record highs at $14.4 per square meter in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Finland ($31.3 per square meter), while the price for Lithuania ($6.3 per square meter) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Woven Carpet Price in Estonia (FOB) - 2023

In September 2023, the average woven carpet export price amounted to $21.3 per square meter, declining by -6.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 an increase of 14% m-o-m. Over the period under review, the average export prices reached the maximum at $25.5 per square meter in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In September 2023, the highest price was recorded for prices to Sweden ($30.1 per square meter) and Latvia ($22.9 per square meter), while the average price for exports to Finland ($20.5 per square meter) and Lithuania ($22.0 per square meter) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports in Estonia

In 2022, after three years of growth, there was significant decline in overseas purchases of woven carpets and other woven textile coverings, when their volume decreased by -11.8% to 250K square meters. The total import volume increased at an average annual rate of +5.1% 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 when imports increased by 26%. As a result, imports attained the peak of 284K square meters, and then contracted in the following year.

In value terms, woven carpet imports fell to $2.7M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of $3.2M, and then shrank in the following year.

Import of Woven Carpet in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	280	342	455	596	28.6%
Turkey	127	198	192	370	42.8%
India	402	406	554	366	-3.1%
Belgium	325	253	377	276	-5.3%
Egypt	15.5	62.0	100	175	124.3%
Serbia	100	114	134	147	13.7%
Poland	128	197	301	113	-4.1%
Netherlands	29.8	32.5	91.2	113	55.9%
Belarus	121	183	112	112	-2.5%
Latvia	N/A	N/A	159	104	-34.6%
China	204	255	210	77.9	-27.5%
Ukraine	43.8	80.0	89.4	58.8	10.3%
Bangladesh	10.0	12.6	6.8	33.3	49.3%
Others	521	324	371	192	-28.3%
Total	2,308	2,459	3,151	2,733	5.8%

Top Suppliers of Woven Carpet to Estonia in 2022:

Denmark (64.7K square meters)
Turkey (33.5K square meters)
India (31.0K square meters)
Egypt (22.4K square meters)
Belgium (19.1K square meters)
Belarus (13.7K square meters)
Serbia (12.1K square meters)
Latvia (9.9K square meters)
Ukraine (9.3K square meters)
China (9.1K square meters)
Netherlands (8.8K square meters)
Bangladesh (6.2K square meters)
Poland (4.5K square meters)

Woven Carpet Exports in Estonia

In 2022, the amount of woven carpets and other woven textile coverings exported from Estonia rose modestly to 74K square meters, increasing by 4.7% compared with the previous year. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports reached the peak of 75K square meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, woven carpet exports contracted modestly to $1.5M in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 27%. The exports peaked at $1.5M in 2021, and then shrank in the following year.

Export of Woven Carpet in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Finland	575	893	787	688	6.2%
Lithuania	101	208	162	260	37.1%
Germany	0.4	59.8	64.4	164	642.9%
Latvia	26.5	53.0	62.9	94.7	52.9%
Russia	128	91.9	222	76.2	-15.9%
United Arab Emirates	N/A	N/A	3.3	50.9	1442.4%
Austria	N/A	N/A	N/A	48.4	0%
Ukraine	107	86.1	76.1	11.5	-52.5%
South Korea	110	N/A	N/A	3.6	-68.0%
Others	91.5	57.9	143	75.1	-6.4%
Total	1,140	1,450	1,520	1,473	8.9%

Top Export Markets for Woven Carpet from Estonia in 2022:

South Korea (undefinedK square meters)
Finland (35.8K square meters)
Lithuania (13.6K square meters)
Germany (8.5K square meters)
Latvia (5.1K square meters)
United Arab Emirates (3.0K square meters)
Austria (2.2K square meters)
Russia (1.8K square meters)
Ukraine (0.6K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woven carpet market in Estonia. 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 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)

Country coverage:

Estonia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Estonia
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