Global Carpet Market 2024

Carpet Market Size

The global carpet market dropped to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Carpet Production

In value terms, carpet production reduced to $X in 2022 estimated in export price. In general, production, however, posted pronounced growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, global production growth failed to regain momentum.

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Carpet Exports

Exports

In 2022, after three years of growth, there was significant decline in overseas shipments of carpets and other textile floor coverings, when their volume decreased by X% to X square meters. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters, and then shrank significantly in the following year.

In value terms, carpet exports fell sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Turkey represented the largest exporter of carpets and other textile floor coverings in the world, with the volume of exports recording X square meters, which was approx. X% of total exports in 2022. Belgium (X square meters) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), India (X%) and China (X%). The United States (X square meters), Vietnam (X square meters), Germany (X square meters), Egypt (X square meters), Iran (X square meters) and the United Arab Emirates (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to carpet exports from Turkey stood at X%. At the same time, Vietnam (X%), the United Arab Emirates (X%), India (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Belgium (X%), Germany (X%), the United States (X%), China (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.), Belgium (X p.p.), Egypt (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carpet supplying countries worldwide were Turkey ($X), India ($X) and Belgium ($X), together accounting for X% of global exports. The Netherlands, China, the United States, Germany, Iran, Vietnam, the United Arab Emirates and Egypt lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild slump. The global export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per square meter), while Turkey ($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 Egypt (X%), while the other global leaders experienced more modest paces of growth.

Carpet Imports

Imports

Global carpet imports reduced to X square meters in 2022, with a decrease of X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then declined in the following year.

In value terms, carpet imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the United States (X square meters), distantly followed by the UK (X square meters) and Germany (X square meters) were the key importers of carpets and other textile floor coverings, together mixing up X% of total imports. Saudi Arabia (X square meters), Iraq (X square meters), Canada (X square meters), Japan (X square meters), Belgium (X square meters), Australia (X square meters), France (X square meters), the Netherlands (X square meters), Russia (X square meters) and Poland (X square meters) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the carpets and other textile floor coverings imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%), Iraq (X%), Germany (X%), Russia (X%), Saudi Arabia (X%), France (X%), Australia (X%) and the UK (X%) displayed positive paces of growth. Poland, the Netherlands and Japan experienced a relatively flat trend pattern. By contrast, Canada (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 the UK and Canada saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported carpets and other textile floor coverings worldwide, comprising X% of global imports. The second position in the ranking was held by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, surging by X% against the previous year. In general, the import price, however, recorded a slight slump. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per square meter), while Iraq ($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 Poland (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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