Report Vietnam - Knotted Carpets and Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

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

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Vietnam: Knotted Carpet Market 2024

Knotted Carpet Market Size in Vietnam

The Vietnamese knotted carpet market shrank to $X in 2022, which is down by -5.5% against the previous year. In general, consumption saw a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Knotted Carpet Production in Vietnam

In value terms, knotted carpet production shrank to $X in 2022 estimated in export price. In general, production, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Knotted Carpet Exports

Exports from Vietnam

In 2022, the amount of knotted carpets and other knotted textile floor coverings exported from Vietnam surged to X square meters, picking up by 81% against the year before. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 824%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, knotted carpet exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2020 when exports increased by 109% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X square meters) was the main destination for knotted carpet exports from Vietnam, with a 69% share of total exports. Moreover, knotted carpet exports to Myanmar exceeded the volume sent to the second major destination, the United States (X square meters), tenfold. The third position in this ranking was held by France (X square meters), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+62.1% per year) and France (+65.4% per year).

In value terms, Myanmar ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Vietnam, comprising 61% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 15% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+23.7% per year) and France (+29.0% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, falling by -34.3% against the previous year. In general, the export price showed a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 168% against the previous year. The export price peaked at $X per square meter in 2015; however, from 2016 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 Germany ($X per square meter), while the average price for exports to the UK ($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 Cambodia (-1.9%), while the prices for the other major destinations experienced a decline.

Knotted Carpet Imports

Imports into Vietnam

In 2022, approx. X square meters of knotted carpets and other knotted textile floor coverings were imported into Vietnam; shrinking by -40.1% compared with the year before. Overall, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of 379% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2021, and then declined significantly in the following year.

In value terms, knotted carpet imports shrank rapidly to $X in 2022. Over the period under review, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 255%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest knotted carpet supplier to Vietnam, accounting for a 86% share of total imports. Moreover, knotted carpet imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+66.4% per year) and Japan (-44.8% per year).

In value terms, China ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Vietnam, comprising 75% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.3% per year) and Japan (-44.3% per year).

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, with an increase of 8.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 51%. Over the period under review, average import prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2022, import prices remained at a 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 India ($X per square meter), while the price for Japan ($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 Japan (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Turkey constituted the country with the largest volume of knotted carpet consumption, accounting for 38% of total volume. Moreover, knotted carpet consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was held by the United States, with a 7.5% share.
The country with the largest volume of knotted carpet production was Turkey, accounting for 37% of total volume. Moreover, knotted carpet production in Turkey exceeded the figures recorded by the second-largest producer, China, threefold. Egypt ranked third in terms of total production with a 6.5% share.
In value terms, China constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Vietnam, comprising 75% of total imports. The second position in the ranking was taken by India, with a 16% share of total imports.
In value terms, Myanmar emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Vietnam, comprising 61% of total exports. The second position in the ranking was taken by Cambodia, with a 15% share of total exports. It was followed by France, with a 5.5% share.
The average knotted carpet export price stood at $11 per square meter in 2022, with a decrease of -34.3% against the previous year.
The average knotted carpet import price stood at $12 per square meter in 2022, with an increase of 8.5% against the previous year.

This report provides an in-depth analysis of the knotted carpet market in Vietnam. 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:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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