Asia-Pacific: Knotted Carpet Market 2024

Knotted Carpet Market Size in Asia-Pacific

The Asia-Pacific knotted carpet market was estimated at $X in 2023, surging by X% against the previous year. Overall, consumption, however, recorded a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Asia-Pacific

In value terms, knotted carpet production totaled $X in 2023 estimated in export price. Overall, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Knotted Carpet Exports

Exports in Asia-Pacific

In 2023, shipments abroad of knotted carpets and other knotted textile floor coverings increased by X% to X square meters, rising for the fourth consecutive year after four years of decline. Total exports indicated a modest increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

In value terms, knotted carpet exports contracted to $X in 2023. In general, exports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X square meters) was the key exporter of knotted carpets and other knotted textile floor coverings, creating X% of total exports. India (X square meters) held the second position in the ranking, followed by Pakistan (X square meters) and Malaysia (X square meters). All these countries together held approx. X% share of total exports. Nepal (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to knotted carpet exports from China stood at X%. At the same time, Malaysia (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. India experienced a relatively flat trend pattern. By contrast, Nepal (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), China (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest knotted carpet supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Nepal, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Nepal (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2023, declining by X% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nepal ($X per square meter), while Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced a decline in the export price figures.

Knotted Carpet Imports

Imports in Asia-Pacific

In 2023, knotted carpet imports in Asia-Pacific expanded remarkably to X square meters, increasing by X% compared with the year before. Total imports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, knotted carpet imports declined notably to $X in 2023. Over the period under review, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia (X square meters), Singapore (X square meters), Indonesia (X square meters), Thailand (X square meters), Vietnam (X square meters), Pakistan (X square meters), Japan (X square meters), Australia (X square meters), Taiwan (Chinese) (X square meters), Nepal (X square meters), the Philippines (X square meters) and China (X square meters) represented roughly X% of total imports in 2023.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Malaysia, Singapore, Vietnam, Indonesia, Pakistan, Taiwan (Chinese), Thailand, the Philippines and Nepal lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per square meter, falling by X% against the previous year. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform