Argentina: Knotted Carpet Market 2024

Knotted Carpet Market Size in Argentina

The Argentinian knotted carpet market shrank notably to $X in 2022, reducing by -22.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a abrupt decrease. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Exports

Exports from Argentina

In 2022, knotted carpet exports from Argentina surged to X square meters, with an increase of 64% compared with 2021. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 523% against the previous year. The exports peaked at X square meters in 2020; afterwards, it flattened through to 2022.

In value terms, knotted carpet exports expanded markedly to $X in 2022. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 275% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X square meters), the United States (X square meters) and Australia (X square meters) were the main destinations of knotted carpet exports from Argentina, with a combined 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +72.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Argentina, comprising 29% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+50.4% per year) and the UK (+11.0% per year).

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, declining by -32.6% against the previous year. Overall, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 62%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Finland ($X 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 Italy (+27.7%), while the prices for the other major destinations experienced mixed trend patterns.

Knotted Carpet Imports

Imports into Argentina

In 2022, imports of knotted carpets and other knotted textile floor coverings into Argentina reduced to X square meters, with a decrease of -11.1% against the year before. Over the period under review, imports faced a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 215% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, knotted carpet imports dropped rapidly to $X in 2022. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2013 with an increase of 216% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of knotted carpet to Argentina, accounting for a 53% share of total imports. Moreover, knotted carpet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. Belgium (X square meters) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Belgium (+67.2% per year).

In value terms, Germany ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Argentina, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 5% share of total imports. It was followed by Turkey, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.6% per year) and Turkey (+4.4% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, falling by -6.9% against the previous year. In general, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 343%. As a result, import price reached the peak level of $X per square meter. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for China ($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 Turkey (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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