New Zealand: Carpet Market 2024

Carpet Market Size in New Zealand

The New Zealand carpet market contracted sharply to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined dramatically in the following year.

Carpet Production in New Zealand

In value terms, carpet production contracted rapidly to $X in 2022 estimated in export price. In general, production showed a sharp descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Carpet production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Carpet Exports

Exports from New Zealand

In 2022, the amount of carpets and other textile floor coverings exported from New Zealand dropped to X square meters, with a decrease of X% against 2021 figures. Overall, exports saw a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports expanded modestly to $X in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X square meters) was the main destination for carpet exports from New Zealand, accounting for a X% share of total exports. Moreover, carpet exports to Australia exceeded the volume sent to the second major destination, the United States (X square meters), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled X%.

In value terms, Australia ($X) remains the key foreign market for carpets and other textile floor coverings exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%.

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a mild setback. Over the period under review, the average export prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to the United States amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%).

Carpet Imports

Imports into New Zealand

In 2022, overseas purchases of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated buoyant growth 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X square meters, and then fell in the following year.

In value terms, carpet imports shrank rapidly to $X in 2022. The total import 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 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped remarkably in the following year.

Imports by Country

China (X square meters), Australia (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of carpet imports to New Zealand, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and India ($X) constituted the largest carpet suppliers to New Zealand, with a combined X% share of total imports. The United States, the United Arab Emirates, Belgium, South Africa and Thailand lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded 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 carpet import price stood at $X per square meter in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for the United Arab Emirates ($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 Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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