Argentina: Tufted Carpet Market 2024

Tufted Carpet Market Size in Argentina

The Argentinian tufted carpet market stood at $X in 2022, flattening at the previous year. Overall, consumption, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 3.6%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tufted Carpet Production in Argentina

In value terms, tufted carpet production reached $X in 2022 estimated in export price. In general, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 3.6%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Tufted Carpet Exports

Exports from Argentina

For the third consecutive year, Argentina recorded decline in overseas shipments of tufted carpets and other tufted textile floor coverings, which decreased by -65.9% to X square meters in 2022. In general, exports saw a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of 11%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted carpet exports contracted markedly to $X in 2022. Overall, exports faced a dramatic setback. The smallest decline of less than 0.1% was in 2013. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X square meters), Uruguay (X square meters) and the United States (X square meters) were the main destinations of tufted carpet exports from Argentina, together comprising 95% of total exports. The Dominican Republic and Guatemala lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +57.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for tufted carpet exported from Argentina were Brazil ($X), Uruguay ($X) and the United States ($X), together accounting for 96% of total exports. The Dominican Republic and Guatemala lagged somewhat behind, together comprising a further 2.9%.

The Dominican Republic, with a CAGR of +55.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average tufted carpet export price amounted to $X per square meter, rising by 64% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tufted carpet export price increased by +102.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to the Dominican Republic ($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 Brazil (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Argentina

In 2022, overseas purchases of tufted carpets and other tufted textile floor coverings increased by 5.2% to X square meters, rising for the second year in a row after two years of decline. In general, imports showed measured growth. The pace of growth was the most pronounced in 2017 when imports increased by 55%. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tufted carpet imports rose significantly to $X in 2022. Over the period under review, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 46%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of tufted carpet to Argentina, accounting for a 66% share of total imports. Moreover, tufted carpet imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X square meters), fivefold. India (X square meters) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and India (-9.3% per year).

In value terms, China ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Argentina, comprising 46% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.6% per year) and the United States (-15.0% per year).

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, rising by 3.7% against the previous year. In general, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 4.9%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($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 Egypt (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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