
China - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
China: Carpet Market 2023
Carpet Market Size in China
In 2022, the Chinese carpet market decreased by -0.4% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
Carpet Production in China
In value terms, carpet production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Carpet production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.
Carpet Exports
Exports from China
In 2022, overseas shipments of carpets and other textile floor coverings increased by 3.1% to X square meters, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
In value terms, carpet exports dropped slightly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.
Exports by Country
The United States (X square meters), Japan (X square meters) and Malaysia (X square meters) were the main destinations of carpet exports from China, with a combined 28% share of total exports. Saudi Arabia, Vietnam, Chile, the UK, Spain, Australia, the United Arab Emirates, France, Germany and South Korea lagged somewhat behind, together accounting for a further 35%.
From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for carpet exported from China were the United States ($X), Japan ($X) and Malaysia ($X), together accounting for 32% of total exports. Vietnam, Australia, the UK, Germany, Saudi Arabia, Spain, the United Arab Emirates, France, South Korea and Chile lagged somewhat behind, together comprising a further 34%.
Spain, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average carpet export price amounted to $X per square meter, rising by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to Chile ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Carpet Imports
Imports into China
In 2022, the amount of carpets and other textile floor coverings imported into China shrank rapidly to X square meters, which is down by -44.7% compared with 2021. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when imports increased by 23%. Imports peaked at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.
In value terms, carpet imports dropped rapidly to $X in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.
Imports by Country
Turkey (X square meters), Japan (X square meters) and India (X square meters) were the main suppliers of carpet imports to China, with a combined 49% share of total imports. Egypt, Iran, Bangladesh, the United States, Belgium, the Netherlands, Germany and South Korea lagged somewhat behind, together comprising a further 42%.
From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +26.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, India ($X), Turkey ($X) and Japan ($X) constituted the largest carpet suppliers to China, together comprising 45% of total imports. Germany, Egypt, Belgium, the United States, Bangladesh, Iran, the Netherlands and South Korea lagged somewhat behind, together accounting for a further 33%.
In terms of the main suppliers, Bangladesh, with a CAGR of +17.4%, recorded the highest growth rate of 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
In 2021, the average carpet import price amounted to $X per square meter, falling by -3.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $X per square meter. From 2019 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Iran ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the carpet market in China. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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