Ireland: Knotted Carpet Market 2024

Knotted Carpet Market Size in Ireland

In 2022, the Irish knotted carpet market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Knotted Carpet Production in Ireland

In value terms, knotted carpet production fell sharply to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 110% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Knotted Carpet Exports

Exports from Ireland

After two years of decline, overseas shipments of knotted carpets and other knotted textile floor coverings increased by 31,788% to X square meters in 2022. Over the period under review, exports recorded prominent growth. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports skyrocketed to $X in 2022. In general, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X square meters) was the main destination for knotted carpet exports from Ireland, accounting for a 86% share of total exports. Moreover, knotted carpet exports to the UK exceeded the volume sent to the second major destination, Australia (X square meters), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+12.7% per year) and France (+39.2% per year).

In value terms, the largest markets for knotted carpet exported from Ireland were the UK ($X), Australia ($X) and France ($X), with a combined 97% share of total exports.

France, with a CAGR of +100.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, waning by -89.8% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 1,013%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to the UK ($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 Mexico (+888.4%), while the prices for the other major destinations experienced mixed trend patterns.

Knotted Carpet Imports

Imports into Ireland

In 2022, purchases abroad of knotted carpets and other knotted textile floor coverings decreased by 0% to X square meters, falling for the second consecutive year after two years of growth. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, knotted carpet imports amounted to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 38%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of knotted carpet to Ireland, accounting for a 54% share of total imports. Moreover, knotted carpet imports from India exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The third position in this ranking was held by Belgium (X square meters), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+67.0% per year) and Belgium (+34.5% per year).

In value terms, the largest knotted carpet suppliers to Ireland were India ($X), Belgium ($X) and China ($X), together comprising 51% of total imports. The UK, Turkey, the United States, Spain and France lagged somewhat behind, together comprising a further 27%.

Spain, with a CAGR of +65.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, remaining stable against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2013 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for India ($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 France (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :