Eastern Europe: Knotted Carpet Market 2024

Knotted Carpet Market Size in Eastern Europe

In 2022, the East European knotted carpet market decreased by -30.1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, posted a perceptible expansion. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Knotted Carpet Production in Eastern Europe

In value terms, knotted carpet production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports in Eastern Europe

After five years of growth, overseas shipments of knotted carpets and other knotted textile floor coverings decreased by -28.6% to X square meters in 2022. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 114%. Over the period under review, the exports hit record highs at X square meters in 2021, and then shrank remarkably in the following year.

In value terms, knotted carpet exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 217%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X square meters) represented the largest exporter of knotted carpets and other knotted textile floor coverings, achieving 54% of total exports. Poland (X square meters) took the second position in the ranking, distantly followed by Slovakia (X square meters) and Belarus (X square meters). All these countries together took near 40% share of total exports. Romania (X square meters) held a relatively small share of total exports.

Exports from the Czech Republic increased at an average annual rate of +13.6% from 2012 to 2022. At the same time, Belarus (+76.7%), Poland (+10.8%) and Romania (+5.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +76.7% from 2012-2022. By contrast, Slovakia (-4.3%) illustrated a downward trend over the same period. While the share of the Czech Republic (+18 p.p.), Belarus (+8.5 p.p.) and Poland (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Slovakia (-28.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest knotted carpet supplier in Eastern Europe, comprising 56% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by Slovakia, with a 9.3% share.

In the Czech Republic, knotted carpet exports expanded at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+2.6% per year) and Slovakia (-12.4% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per square meter, jumping by 30% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per square meter), while Belarus ($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 the Czech Republic (-4.0%), while the other leaders experienced a decline in the export price figures.

Knotted Carpet Imports

Imports in Eastern Europe

In 2022, imports of knotted carpets and other knotted textile floor coverings in Eastern Europe contracted to X square meters, with a decrease of -10.8% on the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 57%. As a result, imports attained the peak of X square meters. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knotted carpet imports contracted to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X square meters), distantly followed by Hungary (X square meters), Poland (X square meters), Russia (X square meters), Slovakia (X square meters), Romania (X square meters) and Belarus (X square meters) represented the key importers of knotted carpets and other knotted textile floor coverings, together generating 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knotted carpet importing markets in Eastern Europe were the Czech Republic ($X), Russia ($X) and Hungary ($X), together accounting for 67% of total imports.

Hungary, with a CAGR of +12.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per square meter in 2022, waning by -3.2% against the previous year. Overall, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when the import price increased by 29%. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per square meter), while Belarus ($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 Russia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :