Puerto Rico: Woven Carpet Market 2022

Woven Carpet Market Size in Puerto Rico

The Puerto Rican woven carpet market contracted to $X in 2021, which is down by less than X% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Woven Carpet Production in Puerto Rico

In value terms, woven carpet production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Woven Carpet Exports

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2021. India (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%) and Belgium (X%). The following exporters - Germany (X tons) and the Netherlands (X tons) - each amounted to a less than X% share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2012 to 2021. At the same time, the Netherlands (+X%), Germany (+X%) and India (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) significantly strengthened its position in terms of the global exports, while China and Belgium saw its share reduced by less than X% and less than X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest woven carpet supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was taken by India ($X), with a X% share of global exports. It was followed by China, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and China (+X% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced mixed trends in the export price figures.

Woven Carpet Imports

Imports by Country

In 2021, the United States (X tons), distantly followed by Saudi Arabia (X tons) and Germany (X tons) represented the largest importers of woven carpets and other woven textile coverings, together making up X% of total imports. The UK (X tons), Canada (X tons), Iraq (X tons), the Netherlands (X tons), Belgium (X tons), Poland (X tons), France (X tons), the United Arab Emirates (X tons), Australia (X tons) and Japan (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to woven carpet imports into the United States stood at +X%. At the same time, Canada (+X%), the Netherlands (+X%), Belgium (+X%), the UK (+X%), Poland (+X%), Germany (+X%), France (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. Saudi Arabia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%), Japan (-X%) and Iraq (-X%) illustrated a downward trend over the same period. The United States (+X p.p.) significantly strengthened its position in terms of the global imports, while Iraq and Saudi Arabia saw its share reduced by less than X% and less than X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Saudi Arabia (+X% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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