Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India - 2023
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (FOB) - 2023
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (CIF) - 2023
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (FOB) - 2023
In November 2023, the average export price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $8.9 per square meter, with a decrease of -3.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 2.7% against the previous month. Over the period under review, the average export prices hit record highs at $10.0 per square meter in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United Arab Emirates ($17.8 per square meter), while the average price for exports to Brazil ($3.7 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (CIF) - 2023
In November 2023, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $4.8 per square meter, approximately mirroring the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 16% m-o-m. The import price peaked at $5.2 per square meter in September 2023; however, from October 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7.1 per square meter), while the price for Nepal ($2.4 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Nepal (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India
After three years of growth, shipments abroad of carpets and other textile floor coverings; tufted, whether or not made ups decreased by -16.8% to 72M square meters in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 36%. As a result, the exports attained the peak of 86M square meters, and then contracted notably in the following year.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups shrank notably to $641M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports reached the peak of $765M, and then dropped sharply in the following year.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 311 | 339 | 449 | 369 | 5.9% |
| United Kingdom | 44.1 | 39.9 | 56.3 | 40.0 | -3.2% |
| Germany | 21.0 | 22.9 | 33.2 | 27.9 | 9.9% |
| Australia | 16.8 | 17.1 | 21.8 | 22.1 | 9.6% |
| Canada | 9.9 | 11.6 | 20.6 | 15.9 | 17.1% |
| France | 11.5 | 12.6 | 19.4 | 15.2 | 9.7% |
| Italy | 11.0 | 8.6 | 14.9 | 14.9 | 10.6% |
| Netherlands | 9.7 | 10.5 | 16.6 | 14.0 | 13.0% |
| Spain | 8.2 | 6.9 | 11.9 | 9.5 | 5.0% |
| Brazil | 6.9 | 6.0 | 6.8 | 4.4 | -13.9% |
| Others | 83.8 | 74.3 | 114 | 108 | 8.8% |
| Total | 534 | 549 | 765 | 641 | 6.3% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from India in 2022:
- United States (37.6M square meters)
- Germany (5.6M square meters)
- United Kingdom (5.3M square meters)
- Australia (2.3M square meters)
- Canada (2.1M square meters)
- Netherlands (1.7M square meters)
- Italy (1.5M square meters)
- France (1.5M square meters)
- Brazil (1.4M square meters)
- Spain (1.3M square meters)
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India
In 2022, imports of carpets and other textile floor coverings; tufted, whether or not made ups into India skyrocketed to 23M square meters, with an increase of 72% on the previous year. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $126M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 12.6 | 14.1 | 27.7 | 43.4 | 51.0% |
| China | 31.5 | 15.2 | 14.4 | 36.0 | 4.6% |
| Thailand | 24.7 | 17.5 | 10.5 | 10.6 | -24.6% |
| United Arab Emirates | 2.7 | 2.1 | 1.7 | 5.3 | 25.2% |
| United States | 9.0 | 5.4 | 4.3 | 4.7 | -19.5% |
| Belgium | 3.5 | 1.8 | 2.2 | 4.0 | 4.6% |
| Indonesia | 2.8 | 1.2 | 1.5 | 3.8 | 10.7% |
| Turkey | 2.7 | 1.8 | 2.3 | 3.6 | 10.1% |
| Netherlands | 2.5 | 2.6 | 2.8 | 2.7 | 2.6% |
| Singapore | 3.1 | 1.2 | 1.5 | 1.8 | -16.6% |
| Malaysia | 1.5 | 0.8 | 1.3 | 0.8 | -18.9% |
| Others | 10.9 | 6.1 | 4.4 | 9.6 | -4.1% |
| Total | 108 | 69.9 | 74.6 | 126 | 5.3% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to India in 2022:
- Vietnam (11.2M square meters)
- China (4.4M square meters)
- Thailand (1.5M square meters)
- Netherlands (0.8M square meters)
- United Arab Emirates (0.8M square meters)
- Indonesia (0.8M square meters)
- Turkey (0.7M square meters)
- United States (0.4M square meters)
- Belgium (0.4M square meters)
- Singapore (0.3M square meters)
- Malaysia (0.3M square meters)
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This report provides an in-depth analysis of the tufted carpet market in India.
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This report provides an in-depth analysis of the global tufted carpet market.
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This report provides an in-depth analysis of the tufted carpet market in India.
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This report provides an in-depth analysis of the global tufted carpet market.
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During the period under review, Tufted Carpet exports reached record highs of 4.4M square meters in August 2023. However, from September 2023 to November 2023, the exports were unable to regain momentum. In terms of value, Tufted Carpet exports decreased to $36M in November 2023.
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In August 2023, exports of Tufted Carpet reached a peak of 4.4M square meters. However, from September to October 2023, the exports failed to regain momentum. In terms of value, the exports of Tufted Carpet amounted to $38M in October 2023.
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In March 2023, the tufted carpet price was $9.7 per square meter (FOB, India), showing a decrease of -2.3% compared to the previous month.
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During the period under review, Tufted Carpet exports reached record highs of 4.4M square meters in August 2023. However, from September 2023 to November 2023, the exports were unable to regain momentum. In terms of value, Tufted Carpet exports decreased to $36M in November 2023.
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In August 2023, exports of Tufted Carpet reached a peak of 4.4M square meters. However, from September to October 2023, the exports failed to regain momentum. In terms of value, the exports of Tufted Carpet amounted to $38M in October 2023.
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In March 2023, the tufted carpet price was $9.7 per square meter (FOB, India), showing a decrease of -2.3% compared to the previous month.
