Report Hong Kong SAR, China - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 22, 2023

Hong Kong SAR, China - Carpets and Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Carpet Market 2023

Carpet Market Size in Hong Kong SAR, China

In 2022, after three years of decline, there was significant growth in the Hong Kong carpet market, when its value increased by 11% to $X. Over the period under review, consumption, however, showed a deep setback. Carpet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Carpet Exports

Exports from Hong Kong SAR, China

In 2022, exports of carpets and other textile floor coverings from Hong Kong SAR reduced dramatically to X square meters, which is down by -35.5% compared with the previous year's figure. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 174%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carpet exports reduced to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X square meters) was the main destination for carpet exports from Hong Kong SAR, accounting for a 28% share of total exports. Moreover, carpet exports to China exceeded the volume sent to the second major destination, Spain (X square meters), threefold. The third position in this ranking was taken by the United States (X square meters), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+16.9% per year) and the United States (-24.9% per year).

In value terms, the largest markets for carpet exported from Hong Kong SAR were China ($X), the United States ($X) and Turkey ($X), with a combined 46% share of total exports.

Turkey, with a CAGR of +42.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, increasing by 39% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 80%. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to Brazil ($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 Singapore (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Hong Kong SAR, China

In 2022, imports of carpets and other textile floor coverings into Hong Kong SAR fell to X square meters, waning by -5.7% against 2021. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, carpet imports shrank to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of carpet to Hong Kong SAR, with a 69% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X square meters), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X square meters), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.7% per year) and Taiwan (Chinese) (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.4% share of total imports. It was followed by the United States, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.3% per year) and the United States (-16.2% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. The import price peaked at $X per square meter in 2016; however, from 2017 to 2022, 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 Thailand ($X per square meter), while the price for Belgium ($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 Thailand (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for carpets and other textile floor coverings in the world?
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The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 37% share of global consumption. Turkey, Egypt, the UK, Indonesia, Japan, Germany, Mexico and South Korea lagged somewhat behind, together comprising a further 29%.
What are the largest producers of carpets and other textile floor coverings in the world?
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The countries with the highest volumes of production in 2022 were China, Turkey and India, with a combined 51% share of global production. Egypt, the United States, Belgium, the Netherlands, Indonesia, Iran, Japan and the UK lagged somewhat behind, together comprising a further 28%.
What are the leading suppliers of carpets and other textile floor coverings to Hong Kong SAR, China?
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In value terms, China constituted the largest supplier of carpets and other textile floor coverings to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was taken by Thailand, with a 6.4% share of total imports. It was followed by the United States, with a 3.3% share.
What are the leading importers of carpets and other textile floor coverings from Hong Kong SAR, China?
+
In value terms, the largest markets for carpet exported from Hong Kong SAR were China, the United States and Turkey, together accounting for 46% of total exports.
What is the average export price for carpets and other textile floor coverings in Hong Kong SAR, China?
+
In 2022, the average carpet export price amounted to $32 per square meter, increasing by 39% against the previous year.
What is the average import price for carpets and other textile floor coverings in Hong Kong SAR, China?
+
In 2022, the average carpet import price amounted to $17 per square meter, standing approx. at the previous year.

This report provides an in-depth analysis of the carpet market in Hong Kong SAR, 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.


Product coverage:
• Prodcom 13931100 - Knotted carpets and other knotted textile floor coverings
• Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
• Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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