Mongolia: Carpet Market 2020

Carpet Market Size in Mongolia

The revenue of the carpet market in Mongolia amounted to $X in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the total market indicated a strong increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Mongolia carpet consumption peaked at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Carpet Production in Mongolia

In value terms, carpet production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when production volume increased by X% year-to-year. Over the period under review, carpet production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Carpet Exports

Exports from Mongolia

In 2018, the amount of carpets and other textile floor coverings exported from Mongolia amounted to X tons, going up by X% against the previous year. Over the period under review, carpet exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, carpet exports reached their peak figure at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, carpet exports stood at $X in 2018. In general, carpet exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, carpet exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Turkey (X tons), distantly followed by China (X tons), Belgium (X tons), the Netherlands (X tons), India (X tons) and the U.S. (X tons) represented the major exporters of carpets and other textile floor coverings, together generating X% of total exports. The following exporters - Germany (X tons) and the UK (X tons) - each recorded a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mongolia, while the other leaders experienced more modest paces of growth.

In value terms, the largest carpet markets from Mongolia were Turkey ($X), China ($X) and Belgium ($X), with a combined X% share of total exports. India, the Netherlands, the U.S., Germany, the UK and Mongolia lagged somewhat behind, together accounting for a further X the main exporting countries, Mongolia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The carpet export price in Mongolia stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the carpet export price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 an increase of X% y-o-y. Over the period under review, the export prices for carpets and other textile floor coverings attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Mongolia

In 2018, the imports of carpets and other textile floor coverings into Mongolia stood at X tons, coming down by -X% against the previous year. Over the period under review, carpet imports continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Mongolia imports peaked at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, carpet imports totaled $X in 2018. In general, carpet imports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. In that year, carpet imports reached their peak of $X. From 2013 to 2018, the growth of carpet imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by the UK (X tons), Germany (X tons), Canada (X tons) and Saudi Arabia (X tons) represented the major importers of carpets and other textile floor coverings, together creating X% of total imports. The Netherlands (X tons), Belgium (X tons), Iraq (X tons), France (X tons), Australia (X tons), Japan (X tons) and Poland (X tons) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported carpets and other textile floor coverings into Mongolia, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., carpet imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

In 2018, the carpet import price in Mongolia amounted to $X per ton, jumping by X% against the previous year. Overall, the carpet import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, the import prices for carpets and other textile floor coverings reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform