China: Carpet Market 2024

Carpet Market Size in China

The Chinese carpet market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a strong 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Carpet Production in China

In value terms, carpet production rose slightly to $X in 2022 estimated in export price. The total output 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. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Carpet Exports

Exports from China

After two years of growth, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X square meters in 2021, and then shrank rapidly in the following year.

In value terms, carpet exports contracted significantly to $X in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from China, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Japan (X square meters), twofold. Malaysia (X square meters) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per square meter), while the average price for exports to Vietnam ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into China

In 2022, the amount of carpets and other textile floor coverings imported into China contracted notably to X square meters, falling by X% against the year before. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, carpet imports shrank significantly to $X in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India (X square meters), Turkey (X square meters) and Egypt (X square meters) were the main suppliers of carpet imports to China, with a combined X% share of total imports. Germany, Belgium, Japan, Vietnam, Bangladesh, Italy, Iran, Taiwan (Chinese), Nepal and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, India ($X), Turkey ($X) and Egypt ($X) appeared to be the largest carpet suppliers to China, together accounting for X% of total imports. Germany, Italy, Nepal, Belgium, Japan, Iran, the United States, Vietnam, Bangladesh and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

Source: IndexBox Platform

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