Report Update Apr 1, 2024

Puerto Rico - Knotted Carpets and Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Knotted Carpet Market 2024

Knotted Carpet Market Size in Puerto Rico

In 2021, the Puerto Rican knotted carpet market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Puerto Rico

In value terms, knotted carpet production expanded slightly to $X in 2021 estimated in export price. In general, production, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 34%. Puerto Rico production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports by Country

Egypt prevails in exports structure, accounting for X square meters, which was near 61% of total exports in 2021. India (X square meters) held an 8% share (based on physical terms) of total exports, which put it in second place, followed by China (6.3%). The following exporters - Turkey (X square meters), Pakistan (X square meters), Iran (X square meters), the United States (X square meters) and Malaysia (X square meters) - together made up 13% of total exports.

Exports from Egypt decreased at an average annual rate of -8.9% from 2012 to 2021. At the same time, Malaysia (+32.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.8% from 2012-2021. Turkey and India experienced a relatively flat trend pattern. By contrast, the United States (-3.3%), Pakistan (-5.3%), Iran (-10.2%) and China (-10.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Turkey increased by +3.8 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Egypt ($X) and Pakistan ($X) were the countries with the highest levels of exports in 2021, together accounting for 52% of total exports. These countries were followed by Iran, China, Turkey, the United States and Malaysia, which together accounted for a further 21%.

Among the main exporting countries, Malaysia, with a CAGR of +14.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Knotted Carpet Imports

Imports by Country

The United States (X square meters) and the UK (X square meters) represented roughly 33% of total imports in 2021. It was distantly followed by Brazil (X square meters), Egypt (X square meters) and Canada (X square meters), together committing a 16% share of total imports. Malaysia (X square meters), Germany (X square meters), Pakistan (X square meters), Sweden (X square meters), the Netherlands (X square meters), Italy (X square meters) and Denmark (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported knotted carpets and other knotted textile floor coverings into Puerto Rico, comprising 39% of global imports. The second position in the ranking was held by Germany ($X), with a 7.7% share of global imports. It was followed by the UK, with a 6% share.

In the United States, knotted carpet imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-8.3% per year) and the UK (-0.4% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for knotted carpets and other knotted textile floor coverings in the world?

The country with the largest volume of knotted carpet consumption was Turkey, accounting for 30% of total volume. Moreover, knotted carpet consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was taken by the United States, with a 7.6% share.

What are the largest producers of knotted carpets and other knotted textile floor coverings in the world?

Turkey remains the largest knotted carpet producing country worldwide, accounting for 29% of total volume. Moreover, knotted carpet production in Turkey exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was taken by Egypt, with a 6.9% share.

What are the leading suppliers of knotted carpets and other knotted textile floor coverings to Puerto Rico?

In value terms, the United States constitutes the largest market for imported knotted carpets and other knotted textile floor coverings into Puerto Rico, comprising 39% of global imports. The second position in the ranking was held by Germany, with a 7.7% share of global imports. It was followed by the UK, with a 6% share.

What are the leading importers of knotted carpets and other knotted textile floor coverings from Puerto Rico?

In value terms, the largest knotted carpet supplying countries from Puerto Rico were India, Egypt and Pakistan, together accounting for 52% of total exports. These countries were followed by Iran, China, Turkey, the United States and Malaysia, which together accounted for a further 21%.

This report provides an in-depth analysis of the knotted carpet market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13931100 - Knotted carpets and other knotted textile floor coverings

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023