Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea - 2022
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (CIF) - 2022
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (FOB) - 2022
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (CIF) - 2022
In December 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $10.2 per square meter, approximately reflecting the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in January 2022 an increase of 696% m-o-m. As a result, import price attained the peak level of $74.5 per square meter. From February 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($14.2 per square meter), while the price for Vietnam ($8.3 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (FOB) - 2022
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $16.8 per square meter in December 2022, increasing by 3.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in July 2022 an increase of 25% m-o-m. Over the period under review, the average export prices hit record highs at $16.8 per square meter in October 2022; afterwards, it flattened through to December 2022.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was the United Arab Emirates ($17.3 per square meter), while the average price for exports to the Philippines ($6.4 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea
In 2022, imports of carpets and other textile floor coverings; tufted, whether or not made ups into South Korea contracted to 5.3M square meters, waning by -11.6% compared with the year before. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 6M square meters, and then dropped in the following year.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups declined modestly to $55M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports reached the peak of $58M, and then dropped in the following year.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.5 | 29.1 | 39.5 | 38.3 | 10.4% |
| United States | 5.7 | 5.4 | 3.3 | 4.6 | -6.9% |
| India | 4.3 | 3.1 | 3.6 | 2.5 | -16.5% |
| Vietnam | 2.3 | 1.9 | 2.0 | 1.6 | -11.4% |
| Belgium | 1.5 | 1.4 | 1.9 | 1.5 | 0.0% |
| Thailand | 2.6 | 1.2 | 0.5 | 0.6 | -38.7% |
| Others | 4.1 | 4.3 | 6.7 | 6.0 | 13.5% |
| Total | 49.0 | 46.4 | 57.5 | 55.1 | 4.0% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to South Korea in 2022:
- China (3756.4K square meters)
- India (357.4K square meters)
- United States (349.3K square meters)
- Vietnam (188.5K square meters)
- Belgium (150.7K square meters)
- Thailand (28.6K square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea
In 2022, exports of carpets and other textile floor coverings; tufted, whether or not made ups from South Korea declined to 1.6M square meters, reducing by -11.3% against the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of 1.8M square meters, and then shrank in the following year.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups expanded notably to $24M in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | 13.5 | 16.9 | 20.3 | 32.1% |
| Pakistan | 0.5 | 0.5 | 0.9 | 0.7 | 11.9% |
| China | 3.3 | 0.4 | 0.6 | 0.6 | -43.3% |
| Australia | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Mexico | 1.1 | 0.3 | 1.0 | 0.4 | -28.6% |
| United Arab Emirates | 0.3 | 0.2 | 0.4 | 0.4 | 10.1% |
| Mongolia | N/A | 0.3 | 0.3 | 0.4 | 15.5% |
| Philippines | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Japan | 0.8 | 0.6 | 1.0 | 0.3 | -27.9% |
| Russia | 0.4 | 0.6 | 0.1 | N/A | -50.0% |
| Others | 1.8 | 1.4 | 1.2 | 0.6 | -30.7% |
| Total | 18.0 | 18.4 | 23.2 | 24.4 | 10.7% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from South Korea in 2022:
- United States (1207.9K square meters)
- Pakistan (108.9K square meters)
- Mongolia (44.3K square meters)
- Philippines (43.7K square meters)
- China (42.6K square meters)
- United Arab Emirates (29.7K square meters)
- Japan (27.8K square meters)
- Mexico (23.6K square meters)
- Australia (20.6K square meters)
- Russia (1.6K square meters)
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This report provides an in-depth analysis of the tufted carpet market in Republic of Korea.
1033
This report provides an in-depth analysis of the global tufted carpet market.
355
This report provides an in-depth analysis of the tufted carpet market in Republic of Korea.
1033
This report provides an in-depth analysis of the global tufted carpet market.
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