China: Carpet Market 2023

Carpet Market Size in China

The Chinese carpet market soared to $X in 2022, jumping by X% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Carpet Production in China

In value terms, carpet production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period 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 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Carpet Exports

Exports from China

After two years of growth, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters in 2022. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X square meters in 2021, and then fell dramatically in the following year.

In value terms, carpet exports shrank sharply to $X in 2022. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from China, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Japan (X square meters), twofold. Malaysia (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from China, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Vietnam ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into China

Carpet imports into China reduced sharply to X square meters in 2022, with a decrease of X% compared with the previous year. In general, imports recorded a deep slump. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports dropped remarkably to $X in 2022. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

India (X square meters), Turkey (X square meters) and Egypt (X square meters) were the main suppliers of carpet imports to China, together accounting for X% of total imports. Germany, Belgium, Japan, Vietnam, Bangladesh, Italy, Iran, Taiwan (Chinese), Nepal and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases 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 Egypt ($X), with a combined X% share of total imports. Germany, Italy, Nepal, Belgium, Japan, Iran, the United States, Vietnam, Bangladesh and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, 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 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

Source: IndexBox Platform

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