
China - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
China: Carpet Market 2023
Carpet Market Size in China
After three years of growth, the Chinese carpet market decreased by -5.2% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Carpet consumption peaked at $X in 2020, and then contracted in the following year.
Carpet Production in China
In value terms, carpet production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.
Carpet Exports
Exports from China
After three years of decline, shipments abroad of carpets and other textile floor coverings increased by 13% to X square meters in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X square meters. From 2018 to 2021, the growth of the exports remained at a lower figure.
In value terms, carpet exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
The United States (X square meters), Japan (X square meters) and Malaysia (X square meters) were the main destinations of carpet exports from China, together comprising 28% of total exports. Saudi Arabia, Vietnam, the UK, Spain, Australia, Chile, the United Arab Emirates, France, Germany and Italy lagged somewhat behind, together accounting for a further 35%.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +17.3%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), Japan ($X) and Malaysia ($X) were the largest markets for carpet exported from China worldwide, together accounting for 32% of total exports. These countries were followed by Vietnam, Australia, the UK, Germany, Saudi Arabia, Spain, the United Arab Emirates, France, Chile and Italy, which together accounted for a further 33%.
In terms of the main countries of destination, Spain, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average carpet export price stood at $X per square meter in 2021, increasing by 7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($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 Malaysia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Carpet Imports
Imports into China
In 2021, overseas purchases of carpets and other textile floor coverings increased by 12% to X square meters for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports attained the peak figure at X square meters in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, carpet imports rose rapidly to $X in 2021. Overall, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.
Imports by Country
Turkey (X square meters), Japan (X square meters) and India (X square meters) were the main suppliers of carpet imports to China, together comprising 49% of total imports. These countries were followed by Egypt, Iran, Bangladesh, the United States, Belgium, Vietnam, Germany and South Korea, which together accounted for a further 41%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +94.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest carpet suppliers to China were India ($X), Turkey ($X) and Japan ($X), together accounting for 45% of total imports. These countries were followed by Germany, Egypt, Belgium, the United States, Bangladesh, Iran, Vietnam and South Korea, which together accounted for a further 33%.
Vietnam, with a CAGR of +82.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average carpet import price stood at $X per square meter in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2015 an increase of 19% against the previous year. The import price peaked at $X per square meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Vietnam ($X per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, 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
Recommended reports
This report provides an in-depth analysis of the carpet market in Asia.
This report provides an in-depth analysis of the global carpet market.
This report provides an in-depth analysis of the carpet market in the EU.
This report provides an in-depth analysis of the carpet market in the U.S..
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET