Indonesia: Woven Carpet Market 2024

Woven Carpet Market Size in Indonesia

The Indonesian woven carpet market expanded sharply to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Woven Carpet Production in Indonesia

In value terms, woven carpet production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Woven Carpet Exports

Exports from Indonesia

In 2022, overseas shipments of woven carpets and other woven textile coverings were finally on the rise to reach X square meters after four years of decline. Over the period under review, total exports indicated a slight expansion from 2012 to 2022: its volume 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. Based on 2022 figures, exports decreased by X% against 2017 indices. Over the period under review, the exports attained the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, woven carpet exports dropped rapidly to $X in 2022. In general, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for woven carpet exports from Indonesia, accounting for a X% share of total exports. Moreover, woven carpet exports to the United States exceeded the volume sent to the second major destination, Myanmar (X square meters), twofold. The third position in this ranking was taken by Bangladesh (X square meters), 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: Myanmar (X% per year) and Bangladesh (X% per year).

In value terms, the United States ($X) remains the key foreign market for woven carpets and other woven textile coverings exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total exports. It was followed by Thailand, with a 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: Bangladesh (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then dropped sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while the average price for exports to Myanmar ($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 Kenya (X%), while the prices for the other major destinations experienced a decline.

Woven Carpet Imports

Imports into Indonesia

For the sixth year in a row, Indonesia recorded decline in purchases abroad of woven carpets and other woven textile coverings, which decreased by X% to X square meters in 2022. Over the period under review, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, woven carpet imports contracted rapidly to $X in 2022. In general, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X square meters) was the main woven carpet supplier to Indonesia, accounting for a X% share of total imports. Moreover, woven carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of woven carpets and other woven textile coverings to Indonesia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average woven carpet import price amounted to $X per square meter, jumping by X% against the previous year. Overall, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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