Middle East: Woven Carpet Market 2024

Woven Carpet Market Size in the Middle East

The Middle Eastern woven carpet market shrank sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a mild decline. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Woven Carpet Production in the Middle East

In value terms, woven carpet production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Woven Carpet Exports

Exports in the Middle East

In 2022, overseas shipments of woven carpets and other woven textile coverings decreased by X% to X square meters for the first time since 2016, thus ending a five-year rising trend. 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 pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked at X square meters in 2021, and then shrank in the following year.

In value terms, woven carpet exports declined to $X in 2022. The total export value 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 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Turkey dominates exports structure, recording X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Iran (X square meters), committing a X% share of total exports. The United Arab Emirates (X square meters) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to woven carpet exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Iran (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. 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 ($X) remains the largest woven carpet supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with an X% share of total exports.

In Turkey, woven carpet exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, remaining relatively unchanged against the previous year. In general, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Turkey ($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.

Woven Carpet Imports

Imports in the Middle East

In 2022, woven carpet imports in the Middle East declined remarkably to X square meters, with a decrease of X% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, woven carpet imports dropped to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq (X square meters) and Saudi Arabia (X square meters) represented roughly X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X square meters), Kuwait (X square meters) and Iran (X square meters), together constituting a X% share of total imports. Yemen (X square meters) and Turkey (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Kuwait, Yemen, Iran and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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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