Turkey: Woven Carpet Market 2024

Woven Carpet Market Size in Turkey

In 2022, the Turkish woven carpet market decreased by X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a pronounced increase. Woven carpet consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Woven Carpet Production in Turkey

In value terms, woven carpet production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Woven Carpet Exports

Exports from Turkey

After six years of growth, shipments abroad of woven carpets and other woven textile coverings decreased by X% to X square meters in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X square meters in 2021, and then shrank notably in the following year.

In value terms, woven carpet exports dropped significantly to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

The United States (X square meters) was the main destination for woven carpet exports from Turkey, with a X% share of total exports. Moreover, woven carpet exports to the United States exceeded the volume sent to the second major destination, Iraq (X square meters), threefold. The United Arab Emirates (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, almost unchanged from the previous year. In general, the export price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Iran ($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 Egypt (X%), while the prices for the other major destinations experienced a decline.

Woven Carpet Imports

Imports into Turkey

In 2022, approx. X square meters of woven carpets and other woven textile coverings were imported into Turkey; with a decrease of X% compared with the previous year's figure. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X square meters, and then fell notably in the following year.

In value terms, woven carpet imports reduced to $X in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Bulgaria (X square meters) and India (X square meters) were the main suppliers of woven carpet imports to Turkey, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Belgium (X% per year).

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for Bulgaria ($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 Iran (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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