Portugal: Knotted Carpet Market 2024

Knotted Carpet Market Size in Portugal

The Portuguese knotted carpet market skyrocketed to $X in 2022, with an increase of 176% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Knotted carpet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Knotted Carpet Production in Portugal

In value terms, knotted carpet production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Knotted carpet production peaked in 2022 and is expected to retain growth in the immediate term.

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Knotted Carpet Exports

Exports from Portugal

In 2022, shipments abroad of knotted carpets and other knotted textile floor coverings decreased by -37.2% to X square meters, falling for the fifth consecutive year after two years of growth. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 38%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 23% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

France (X square meters) was the main destination for knotted carpet exports from Portugal, accounting for a 60% share of total exports. Moreover, knotted carpet exports to France exceeded the volume sent to the second major destination, Belgium (X square meters), sevenfold. The Netherlands (X square meters) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.5% per year) and the Netherlands (+64.8% per year).

In value terms, Belgium ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from Portugal, comprising 38% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+64.9% per year) and France (-5.4% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, jumping by 56% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per square meter), while the average price for exports to France ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into Portugal

In 2022, knotted carpet imports into Portugal surged to X square meters, picking up by 455% on the previous year. Over the period under review, imports posted a modest expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knotted carpet imports soared to $X in 2022. In general, imports, however, saw a pronounced setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X square meters) constituted the largest knotted carpet supplier to Portugal, with a 80% share of total imports. Moreover, knotted carpet imports from Spain exceeded the figures recorded by the second-largest supplier, France (X square meters), eightfold. The third position in this ranking was held by Germany (X square meters), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+41.6% per year) and Germany (-4.3% per year).

In value terms, Spain ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Portugal, comprising 62% of total imports. The second position in the ranking was taken by France ($X), with a 9.5% share of total imports. It was followed by Germany, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.8% per year) and Germany (-13.6% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, which is down by -55.9% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 147%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained 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 India ($X per square meter), while the price for China ($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 the UK (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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