Global Woven Carpet Market 2024

Woven Carpet Market Size

The global woven carpet market reduced to $X in 2022, dropping by X% against the previous year. 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 throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Woven Carpet Production

In value terms, woven carpet production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Woven Carpet Exports

Exports

In 2022, overseas shipments of woven carpets and other woven textile coverings decreased by X% to X square meters for the first time since 2015, thus ending a six-year rising trend. In general, total exports indicated temperate 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 when exports increased by X%. Over the period under review, the global exports reached the maximum at X square meters in 2021, and then shrank in the following year.

In value terms, woven carpet exports dropped to $X in 2022. The total export value 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 appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Turkey (X square meters) was the key exporter of woven carpets and other woven textile coverings, committing X% of total exports. China (X square meters) held the second position in the ranking, followed by India (X square meters) and Belgium (X square meters). All these countries together held approx. X% share of total exports. Iran (X square meters), Germany (X square meters) and Bangladesh (X square meters) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Germany (X%), India (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the global exports, while China and Belgium 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, Turkey ($X) remains the largest woven carpet supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by India ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, picking up by X% against the previous year. In general, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The global export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per square meter), while Bangladesh ($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 India (X%), while the other global leaders experienced more modest paces of growth.

Woven Carpet Imports

Imports

In 2022, overseas purchases of woven carpets and other woven textile coverings decreased by X% to X square meters for the first time since 2015, thus ending a six-year rising trend. Overall, total imports indicated a noticeable 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 2012 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 reduced dramatically in the following year.

In value terms, woven carpet imports reduced to $X in 2022. The total import value 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 growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

The United States represented the key importing country with an import of about X square meters, which accounted for X% of total imports. Germany (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%) and Saudi Arabia (X%). The following importers - the UK (X square meters), France (X square meters), Japan (X square meters), Poland (X square meters), Libya (X square meters), Belgium (X square meters), the Netherlands (X square meters), Australia (X square meters) and Spain (X square meters) - together made up X% of total imports.

The United States was also the fastest-growing in terms of the woven carpets and other woven textile coverings imports, with a CAGR of X% from 2012 to 2022. At the same time, Spain (X%), Germany (X%), Belgium (X%), France (X%), the Netherlands (X%), Poland (X%), the UK (X%) and Australia (X%) displayed positive paces of growth. Iraq, Libya and Japan experienced a relatively flat trend pattern. By contrast, Saudi Arabia (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 Iraq and Saudi Arabia 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 ($X) constitutes the largest market for imported woven carpets and other woven textile coverings worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

In the United States, woven carpet imports increased at 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: Germany (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average woven carpet import price amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Australia ($X per square meter), while Libya ($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 Saudi Arabia (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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