Czech Republic: Knotted Carpet Market 2024

Knotted Carpet Market Size in the Czech Republic

The Czech knotted carpet market surged to $X in 2022, growing by 32% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Knotted Carpet Production in the Czech Republic

In value terms, knotted carpet production surged to $X in 2022 estimated in export price. In general, production continues to indicate a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Knotted Carpet Exports

Exports from the Czech Republic

In 2022, after five years of growth, there was significant decline in shipments abroad of knotted carpets and other knotted textile floor coverings, when their volume decreased by -44.9% to X square meters. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 213%. The exports peaked at X square meters in 2021, and then declined sharply in the following year.

In value terms, knotted carpet exports dropped to $X in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 145% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Poland (X square meters), Slovakia (X square meters) and Lithuania (X square meters) were the main destinations of knotted carpet exports from the Czech Republic, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +705.6%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Hungary ($X) and Romania ($X) appeared to be the largest markets for knotted carpet exported from the Czech Republic worldwide, with a combined 62% share of total exports. Poland, Croatia, Lithuania and France lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Lithuania, with a CAGR of +489.0%, saw the highest rates of growth with regard to 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 knotted carpet export price stood at $X per square meter in 2022, with an increase of 64% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per square meter), while the average price for exports to Lithuania ($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 Hungary (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into the Czech Republic

In 2022, overseas purchases of knotted carpets and other knotted textile floor coverings decreased by -12% to X square meters, falling for the third year in a row after four years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 69% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports rose significantly to $X in 2022. In general, imports saw a deep slump. The growth pace was the most rapid in 2019 when imports increased by 56%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X square meters), Germany (X square meters) and China (X square meters) were the main suppliers of knotted carpet imports to the Czech Republic, with a combined 53% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +72.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), India ($X) and Germany ($X) appeared to be the largest knotted carpet suppliers to the Czech Republic, together comprising 57% of total imports.

Among the main suppliers, Spain, with a CAGR of +63.2%, saw the highest rates of growth with regard to 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

The average knotted carpet import price stood at $X per square meter in 2022, surging by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Austria ($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 Pakistan (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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