SADC: Carpet Market 2023

Carpet Market Size in SADC

The SADC carpet market was estimated at $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Carpet Production in SADC

In value terms, carpet production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Carpet Exports

Exports in SADC

In 2022, shipments abroad of carpets and other textile floor coverings increased by X% to X square meters, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2018; afterwards, it flattened through to 2022.

In value terms, carpet exports shrank to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X square meters) represented the largest exporter of carpets and other textile floor coverings in SADC, committing X% of total export.

South Africa 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest carpet supplier in SADC.

In South Africa, carpet exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per square meter, declining by X% against the previous year. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Carpet Imports

Imports in SADC

Carpet imports contracted markedly to X square meters in 2022, waning by X% against the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, carpet imports fell to $X in 2022. Over the period under review, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, finishing at X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Tanzania (X square meters) and Angola (X square meters), together comprising an X% share of total imports. Mauritius (X square meters), Namibia (X square meters), Botswana (X square meters) and Zambia (X square meters) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of carpets and other textile floor coverings. At the same time, Tanzania (X%), Namibia (X%), Botswana (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) and Angola (X%) illustrated a downward trend over the same period. Tanzania (X p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported carpets and other textile floor coverings in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, carpet imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Namibia ($X per square meter), while South Africa ($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 Zambia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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