India - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia's Carpet Export Declines to $1.3 Billion in 2023
India Carpet Exports
In 2023, shipments abroad of carpets and other textile floor coverings decreased by -6.1% to 104M square meters, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the exports reached the peak of 158M square meters. From 2022 to 2023, the growth of the exports failed to regain momentum.
In value terms, carpet exports reduced to $1.3B (IndexBox estimates) in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $1.8B. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Carpet in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 567 | 601 | 678 | 714 | 712 | 786 | 774 | 823 | 1,080 | 893 | 795 |
| Germany | 132 | 108 | 148 | 148 | 163 | 105 | 94.9 | 87.9 | 105 | 78.4 | 75.6 |
| Australia | 36.9 | 38.1 | 41.7 | 43.8 | 51.9 | 52.1 | 54.5 | 64.2 | 72.7 | 62.2 | 58.7 |
| United Kingdom | 99.1 | 84.6 | 82.4 | 86.9 | 85.0 | 80.9 | 78.7 | 69.8 | 95.4 | 59.0 | 55.2 |
| United Arab Emirates | 120 | 144 | 121 | 102 | 52.8 | 61.8 | 41.2 | 38.6 | 44.5 | 32.3 | 32.2 |
| Netherlands | 23.3 | 21.3 | 26.5 | 46.1 | 56.0 | 23.3 | 26.2 | 31.1 | 40.0 | 33.1 | 30.4 |
| Sweden | 10.0 | 10.5 | 11.8 | 13.2 | 16.3 | 21.9 | 25.7 | 23.2 | 42.7 | 28.8 | 29.0 |
| Italy | 20.4 | 21.6 | 18.2 | 22.1 | 25.9 | 29.2 | 26.5 | 22.1 | 32.4 | 31.1 | 26.8 |
| Others | 314 | 314 | 266 | 262 | 280 | 272 | 284 | 243 | 335 | 255 | 242 |
| Total | 1,322 | 1,343 | 1,394 | 1,438 | 1,442 | 1,432 | 1,405 | 1,402 | 1,847 | 1,472 | 1,345 |
Exports by Country
the United States (57M square meters) was the main destination for carpet exports from India, accounting for a 55% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Germany (5.8M square meters), tenfold. The third position in this ranking was taken by the UK (4.8M square meters), with a 4.6% share.
From 2013 to 2023, the average annual growth rate of volume to the United States stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.0% per year) and the UK (-5.2% per year).
In value terms, the United States ($795M) remains the key foreign market for carpets and other textile floor coverings exports from India, comprising 59% of total exports. The second position in the ranking was taken by Germany ($76M), with a 5.6% share of total exports. It was followed by Australia, with a 4.4% share.
From 2013 to 2023, the average annual rate of growth in terms of value to the United States stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.4% per year) and Australia (+4.7% per year).
Exports by Type
Woven carpets and other woven textile coverings (56M square meters), tufted carpets and other tufted textile floor coverings (44M square meters) and knotted carpets and other knotted textile floor coverings (3.5M square meters) were the main products of carpet exports from India, with a combined 99.9% share of total exports.
From 2013 to 2023, the biggest increases were recorded for woven carpets and other woven textile coverings (with a CAGR of +1.2%), while shipments for the other products experienced a decline.
In value terms, carpets and other textile floor coverings with the largest exports in India were woven carpets and other woven textile coverings ($626M), tufted carpets and other tufted textile floor coverings ($427M) and knotted carpets and other knotted textile floor coverings ($293M).
Woven carpets and other woven textile coverings, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced a decline.
Export Prices by Country
In 2023, the carpet price stood at $13 per square meter (FOB, India), dropping by -2.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average export price increased by 13% against the previous year. The export price peaked at $14 per square meter in 2015; however, from 2016 to 2023, 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 the United Arab Emirates ($20 per square meter), while the average price for exports to Brazil ($6.3 per square meter) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the carpet market in India. 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
- Prodcom 13931200 - Woven carpets and other woven textile coverings (excluding tufted or flocked)
- Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
