Africa: Carpet Market 2024

Carpet Market Size in Africa

The African carpet market expanded modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Carpet Production in Africa

In value terms, carpet production reached $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Carpet Exports

Exports in Africa

In 2022, the amount of carpets and other textile floor coverings exported in Africa declined significantly to X square meters, waning by X% compared with 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports contracted significantly to $X in 2022. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt prevails in exports structure, resulting at X square meters, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X square meters), constituting an X% share of total exports. Tunisia (X square meters) and Morocco (X square meters) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carpet exports from Egypt stood at X%. At the same time, Tunisia (X%), Morocco (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.), Tunisia (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest carpet supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with an X% share of total exports. It was followed by South Africa, with a X% share.

In Egypt, carpet exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per square meter, remaining constant against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carpet export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per square meter), while Tunisia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Carpet Imports

Imports in Africa

Carpet imports plummeted to X square meters in 2022, waning by X% compared with the previous year's figure. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2021, and then declined significantly in the following year.

In value terms, carpet imports plummeted to $X in 2022. Overall, imports saw a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Libya was the major importing country with an import of around X square meters, which amounted to X% of total imports. South Africa (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (X%), Morocco (X%) and Tunisia (X%). Somalia (X square meters), Egypt (X square meters), Ghana (X square meters), Sudan (X square meters) and Kenya (X square meters) took a relatively small share of total imports.

Libya experienced a relatively flat trend pattern with regard to volume of imports of carpets and other textile floor coverings. At the same time, Tunisia (X%), Somalia (X%), Ghana (X%), Sudan (X%), Morocco (X%), Algeria (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Morocco (X p.p.), Algeria (X p.p.), Somalia (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa, Libya and Egypt saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Libya ($X), Morocco ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Algeria, Egypt, Tunisia, Ghana, Sudan, Somalia and Kenya lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Tunisia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per square meter in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per square meter), while Libya ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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