Thailand: Carpet Market 2024

Carpet Market Size in Thailand

After two years of growth, the Thai carpet market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Carpet consumption peaked at $X in 2021, and then declined in the following year.

Carpet Production in Thailand

In value terms, carpet production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Carpet Exports

Exports from Thailand

In 2022, the amount of carpets and other textile floor coverings exported from Thailand rose sharply to X square meters, picking up by X% compared with 2021 figures. Over the period under review, exports, however, showed a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carpet exports amounted to $X in 2022. In general, exports, however, showed a noticeable decline. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X square meters) was the main destination for carpet exports from Thailand, accounting for a X% share of total exports. Moreover, carpet exports to Japan exceeded the volume sent to the second major destination, India (X square meters), threefold. The third position in this ranking was held by the United States (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and the United States (X% per year).

In value terms, Japan ($X) remains the key foreign market for carpets and other textile floor coverings exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and India (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Thailand

In 2022, overseas purchases of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X square meters in 2021, and then reduced notably in the following year.

In value terms, carpet imports contracted significantly to $X in 2022. In general, imports showed a mild curtailment. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest carpet supplier to Thailand, with a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Indonesia (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Thailand, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2015; however, from 2016 to 2022, import prices stood 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 Malaysia ($X per square meter), while the price for Estonia (less than $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 Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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