Hand-Woven Tapestry Market

The hand-woven tapestry market is experiencing a decrease in demand globally, with forecasts indicating continued contraction in consumption over the next eight years. Despite a recent increase in consumption in 2022, the overall trend has been declining since 2012. Key consuming countries such as China, Greece, and the United States hold a significant share of the market. Production levels have also faced a decline, with China being the largest producer. Import and export statistics show fluctuations in volume and value, with varying trends in prices. The market is expected to continue facing challenges in the coming years.

Market Forecast

Depressed by shrinking demand for hand-woven tapestry worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -1.3% for the period from 2022 to 2030, which is projected to depress the market volume to 10M square meters by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market value to $370M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Hand-Woven Tapestries Of The Type Gobelins, Flanders, Aubusson, And Beauvais

In 2022, consumption of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 15% to 11M square meters, rising for the second year in a row after eight years of decline. In general, consumption, however, showed a abrupt descent. Global consumption peaked at 25M square meters in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global hand-woven tapestry market revenue rose sharply to $325M in 2022, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the global market attained the peak level at $1.2B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.7M square meters), Greece (2M square meters) and the United States (1.7M square meters), together accounting for 56% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Greece (with a CAGR of +41.5%), while consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, the United States ($74M) led the market, alone. The second position in the ranking was held by China ($32M). It was followed by Greece.

In the United States, the hand-woven tapestry market declined by an average annual rate of -8.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-5.7% per year) and Greece (+41.2% per year).

In 2022, the highest levels of hand-woven tapestry per capita consumption was registered in Greece (188 square meters per 1000 persons), followed by France (6.9 square meters per 1000 persons), Spain (5.6 square meters per 1000 persons) and the United States (5 square meters per 1000 persons), while the world average per capita consumption of hand-woven tapestry was estimated at 1.4 square meters per 1000 persons.

In Greece, hand-woven tapestry per capita consumption expanded at an average annual rate of +42.5% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (-0.0% per year) and Spain (-14.9% per year).

Production

World Production of Hand-Woven Tapestries Of The Type Gobelins, Flanders, Aubusson, And Beauvais

In 2022, global hand-woven tapestry production contracted slightly to 8.4M square meters, reducing by -4.6% against the year before. In general, production faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11%. Global production peaked at 25M square meters in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, hand-woven tapestry production plummeted to $285M in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by 36% against the previous year. Global production peaked at $1.8B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (3M square meters) remains the largest hand-woven tapestry producing country worldwide, comprising approx. 36% of total volume. Moreover, hand-woven tapestry production in China exceeded the figures recorded by the second-largest producer, Spain (1.3M square meters), twofold. India (1.2M square meters) ranked third in terms of total production with a 14% share.

In China, hand-woven tapestry production declined by an average annual rate of -6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (-0.4% per year) and India (-7.2% per year).

Imports

World Imports of Hand-Woven Tapestries Of The Type Gobelins, Flanders, Aubusson, And Beauvais

In 2022, purchases abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 114% to 5.1M square meters, rising for the third consecutive year after four years of decline. In general, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand-woven tapestry imports contracted modestly to $25M in 2022. Over the period under review, imports, however, saw a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 48%. Global imports peaked at $29M in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

Greece represented the largest importer of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in the world, with the volume of imports amounting to 2.1M square meters, which was approx. 41% of total imports in 2022. The United States (1,221K square meters) ranks second in terms of the total imports with a 24% share, followed by France (9.4%). Poland (147K square meters), Italy (128K square meters), Belgium (123K square meters), Senegal (104K square meters), Bolivia (103K square meters) and Guatemala (95K square meters) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Greece (with a CAGR of +106.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest hand-woven tapestry importing markets worldwide were the United States ($5.6M), France ($4.6M) and Greece ($2M), with a combined 48% share of global imports.

Greece, with a CAGR of +72.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average hand-woven tapestry import price stood at $4.9 per square meter in 2022, shrinking by -54.1% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of 98%. Global import price peaked at $18 per square meter in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($9.5 per square meter), while Senegal ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-1.4%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Hand-Woven Tapestries Of The Type Gobelins, Flanders, Aubusson, And Beauvais

After six years of decline, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 64% to 2M square meters in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 136% against the previous year. As a result, the exports attained the peak of 3.3M square meters. From 2016 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, hand-woven tapestry exports skyrocketed to $25M in 2022. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 63%. The global exports peaked at $57M in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

Spain represented the main exporter of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in the world, with the volume of exports finishing at 1M square meters, which was near 52% of total exports in 2022. It was distantly followed by China (250K square meters), India (200K square meters), Greece (97K square meters) and Thailand (96K square meters), together committing a 32% share of total exports. Belgium (81K square meters) and the Netherlands (67K square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hand-woven tapestry exports from Spain stood at +44.7%. At the same time, the Netherlands (+87.1%), Greece (+66.8%), Belgium (+28.3%), India (+20.0%) and Thailand (+8.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +87.1% from 2012-2022. By contrast, China (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, India, Greece, Belgium and the Netherlands increased by +49, +7.1, +4.7, +3.4 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hand-woven tapestry supplying countries worldwide were India ($2.6M), China ($2M) and Spain ($1.8M), with a combined 26% share of global exports. Belgium, the Netherlands, Greece and Thailand lagged somewhat behind, together comprising a further 7.8%.

The Netherlands, with a CAGR of +44.8%, recorded the highest rates of growth with regard to 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 hand-woven tapestry export price stood at $12 per square meter in 2022, shrinking by -29.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. Over the period under review, the average export prices attained the peak figure at $24 per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($13 per square meter), while Thailand ($0.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform