Puerto Rico: Carpet Market 2024

Carpet Market Size in Puerto Rico

The Puerto Rican carpet market reduced modestly to $X in 2021, approximately mirroring the previous year. In general, consumption continues to indicate a noticeable reduction. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Carpet Production in Puerto Rico

In value terms, carpet production fell modestly to $X in 2021 estimated in export price. In general, production showed a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of 12%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Carpet Exports

Exports from Puerto Rico

In 2021, the amount of carpets and other textile floor coverings exported from Puerto Rico totaled less than X square meters, flattening at 2020 figures. Overall, exports recorded a relatively flat trend pattern.

In value terms, carpet exports totaled less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Turkey (X square meters) was the key exporter of carpets and other textile floor coverings, comprising 34% of total exports. It was distantly followed by China (X square meters), Belgium (X square meters), India (X square meters) and the Netherlands (X square meters), together committing a 40% share of total exports. The following exporters - Egypt (X square meters), the United States (X square meters), Germany (X square meters) and Vietnam (X square meters) - together made up 11% of total exports.

Exports from Turkey increased at an average annual rate of +9.3% from 2012 to 2021. At the same time, Vietnam (+39.7%), India (+6.2%), the Netherlands (+2.7%) and China (+2.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.7% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Belgium (-1.1%), Egypt (-1.9%) and the United States (-4.0%) illustrated a downward trend over the same period. While the share of Turkey (+13 p.p.), India (+1.8 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of China (-1.9 p.p.), Egypt (-2.5 p.p.), the United States (-2.8 p.p.) and Belgium (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carpet supplying countries from Puerto Rico were Turkey ($X), China ($X) and India ($X), with a combined 48% share of total exports. These countries were followed by Belgium, the Netherlands, the United States, Germany, Egypt and Vietnam, which together accounted for a further 31%.

Vietnam, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand square meters in 2021, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per thousand square meters), while Turkey ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Puerto Rico

In 2021, imports of carpets and other textile floor coverings into Puerto Rico amounted to less than X square meters, remaining relatively unchanged against 2020 figures. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, carpet imports totaled less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X square meters) represented the major importer of carpets and other textile floor coverings, generating 24% of total imports. It was distantly followed by the UK (X square meters) and Germany (X square meters), together generating a 15% share of total imports. The following importers - Iraq (X square meters), Canada (X square meters), Japan (X square meters), the Netherlands (X square meters), France (X square meters), the United Arab Emirates (X square meters), Belgium (X square meters), Poland (X square meters), Spain (X square meters) and Australia (X square meters) - together made up 26% of total imports.

Imports into the United States increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, Spain (+13.8%), the United Arab Emirates (+8.6%), Belgium (+7.8%), Iraq (+6.5%), France (+4.5%), Germany (+4.3%), Poland (+4.0%), the Netherlands (+3.9%), the UK (+2.3%) and Australia (+1.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +13.8% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Canada (-1.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +9.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported carpets and other textile floor coverings into Puerto Rico, comprising 25% of global imports. The second position in the ranking was taken by the UK ($X), with an 8% share of global imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +7.0%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+1.6% per year) and Germany (+0.5% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand square meters in 2021, almost unchanged from the previous year. Overall, the import price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per thousand square meters), while Iraq ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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