Middle East: Carpet Market 2024

Carpet Market Size in the Middle East

The Middle Eastern carpet market declined significantly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded strong growth. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Carpet Production in the Middle East

In value terms, carpet production reduced rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Carpet Exports

Exports in the Middle East

In 2022, after ten years of growth, there was significant decline in overseas shipments of carpets and other textile floor coverings, when their volume decreased by X% to X square meters. Total exports indicated a remarkable increase 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2021, and then dropped in the following year.

In value terms, carpet exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Turkey dominates exports structure, recording X square meters, which was near X% of total exports in 2022. The following exporters - Iran (X square meters) and the United Arab Emirates (X square meters) - each resulted at an X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest carpet supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

In Turkey, carpet exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per square meter), while Turkey ($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 Iran (X%), while the other leaders experienced a decline in the export price figures.

Carpet Imports

Imports in the Middle East

In 2022, approx. X square meters of carpets and other textile floor coverings were imported in the Middle East; with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, carpet imports contracted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X square meters) and Iraq (X square meters) represented the key importers of carpets and other textile floor coverings in 2022, recording near X% and X% of total imports, respectively. It was distantly followed by the United Arab Emirates (X square meters) and Kuwait (X square meters), together constituting a X% share of total imports. The following importers - Israel (X square meters), Iran (X square meters), Turkey (X square meters), Yemen (X square meters) and Qatar (X square meters) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet importing markets in the Middle East were Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Kuwait, Israel, Turkey, Qatar, Iran and Yemen lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per square meter, rising by X% against the previous year. In general, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Iran ($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 Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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