Northern America: Carpet Market 2024

Carpet Market Size in Northern America

The North American carpet market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Carpet Production in Northern America

In value terms, carpet production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports in Northern America

In 2022, overseas shipments of carpets and other textile floor coverings increased by X% to X square meters, rising for the second year in a row after three years of decline. Overall, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, carpet exports amounted to $X in 2022. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporter of carpets and other textile floor coverings in Northern America, with the volume of exports finishing at X square meters, which was near X% of total exports in 2022. It was distantly followed by Canada (X square meters), comprising a X% share of total exports.

The United States was also the fastest-growing in terms of the carpets and other textile floor coverings exports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. The United States (X p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest carpet supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, carpet exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per square meter in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while Canada totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Carpet Imports

Imports in Northern America

In 2022, after ten years of growth, there was significant decline in supplies from abroad of carpets and other textile floor coverings, when their volume decreased by X% to X square meters. Total imports indicated a resilient 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. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X square meters, and then declined sharply in the following year.

In value terms, carpet imports declined 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, the United States (X square meters) was the main importer of carpets and other textile floor coverings, creating X% of total imports. It was distantly followed by Canada (X square meters), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the carpets and other textile floor coverings imports, with a CAGR of X% from 2012 to 2022. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported carpets and other textile floor coverings in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, carpet imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per square meter), while the United States stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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