Australia and Oceania: Tufted Carpet Market 2024

Tufted Carpet Market Size in Australia and Oceania

In 2022, the tufted carpet market in Australia and Oceania decreased by -5.7% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tufted Carpet Production in Australia and Oceania

In value terms, tufted carpet production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 207% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Tufted Carpet Exports

Exports in Australia and Oceania

In 2022, overseas shipments of tufted carpets and other tufted textile floor coverings increased by 16% to X square meters, rising for the second year in a row after four years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 16%. The volume of export peaked at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted carpet exports surged to $X in 2022. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand was the major exporter of tufted carpets and other tufted textile floor coverings in Australia and Oceania, with the volume of exports finishing at X square meters, which was near 73% of total exports in 2022. It was distantly followed by Australia (X square meters), achieving a 27% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of tufted carpets and other tufted textile floor coverings. Australia (-1.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest tufted carpet supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was taken by Australia ($X), with a 23% share of total exports.

In New Zealand, tufted carpet exports shrank by an average annual rate of -2.8% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per square meter in 2022, rising by 3.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 7.5%. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while Australia stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-2.1%).

Tufted Carpet Imports

Imports in Australia and Oceania

In 2022, approx. X square meters of tufted carpets and other tufted textile floor coverings were imported in Australia and Oceania; remaining constant against 2021 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tufted carpet imports declined modestly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the main importer of tufted carpets and other tufted textile floor coverings in Australia and Oceania, with the volume of imports recording X square meters, which was approx. 74% of total imports in 2022. It was distantly followed by New Zealand (X square meters), generating a 24% share of total imports.

Imports into Australia increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, New Zealand (+6.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.8% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +7.3 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported tufted carpets and other tufted textile floor coverings in Australia and Oceania, comprising 74% of total imports. The second position in the ranking was held by New Zealand ($X), with a 25% share of total imports.

In Australia, tufted carpet imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per square meter, waning by -3.7% against the previous year. Overall, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 9.3%. Over the period under review, import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per square meter), while Australia stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.6%).

Source: IndexBox Platform

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