Estonia: Carpet Market Overview 2020

Carpet Market Size in Estonia

The revenue of the carpet market in Estonia amounted to $X in 2018, growing by X% against the previous year. Overall, carpet consumption continues to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Estonia carpet consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Carpet Production in Estonia

In value terms, carpet production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, carpet production reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Carpet Exports

Exports from Estonia

In 2018, the amount of carpets and other textile floor coverings exported from Estonia amounted to X tonnes, coming down by -X% against the previous year. Overall, carpet exports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, carpet exports reached their maximum at X tonnes in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, carpet exports stood at $X in 2018. Overall, carpet exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. In that year, carpet exports reached their peak of $X. From 2012 to 2018, the growth of carpet exports failed to regain its momentum.

Exports by Country

In 2018, Turkey (X tonnes), distantly followed by China (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes), India (X tonnes) and the U.S. (X tonnes) represented the main exporters of carpets and other textile floor coverings, together making up X% of total exports. The following exporters - Germany (X tonnes) and the UK (X tonnes) - each accounted for a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, the largest carpet markets from Estonia were Turkey ($X), China ($X) and Belgium ($X), with a combined X% share of total exports.

Among the main exporting countries, Turkey recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The carpet export price in Estonia stood at $X per tonne in 2018, shrinking by -X% against the previous year. Overall, the carpet export price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Estonia export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Estonia

In 2018, the amount of carpets and other textile floor coverings imported into Estonia stood at X tonnes, coming down by -X% against the previous year. Over the period under review, carpet imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, carpet imports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, carpet imports amounted to $X in 2018. Overall, carpet imports continue to indicate a perceptible deduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, carpet imports reached their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by the UK (X tonnes), Germany (X tonnes), Canada (X tonnes) and Saudi Arabia (X tonnes) were the largest importers of carpets and other textile floor coverings, together creating X% of total imports. The following importers - the Netherlands (X tonnes), Belgium (X tonnes), Iraq (X tonnes), France (X tonnes), Australia (X tonnes), Japan (X tonnes) and Poland (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported carpets and other textile floor coverings into Estonia, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

The carpet import price in Estonia stood at $X per tonne in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the import prices for carpets and other textile floor coverings attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform