Scandinavia: Tufted Carpet Market 2024

Tufted Carpet Market Size in Scandinavia

The Scandinavia tufted carpet market totaled $X in 2023, picking up by X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2023: its value 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, consumption increased by X% against 2015 indices. Over the period under review, the market reached the peak level in 2023 and is likely to see steady growth in years to come.

Tufted Carpet Production in Scandinavia

In value terms, tufted carpet production reduced markedly to $X in 2023 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Tufted Carpet Exports

Exports in Scandinavia

Tufted carpet exports contracted to X square meters in 2023, with a decrease of X% on the previous year. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X square meters. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, tufted carpet exports rose sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sweden prevails in exports structure, accounting for X square meters, which was near X% of total exports in 2023. It was distantly followed by Finland (X square meters), generating a X% share of total exports.

Sweden was also the fastest-growing in terms of the tufted carpets and other tufted textile floor coverings exports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sweden increased by X percentage points.

In value terms, Sweden ($X) remains the largest tufted carpet supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Sweden totaled X%.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per square meter, rising by X% against the previous year. Export price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tufted carpet export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per square meter), while Finland stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Tufted Carpet Imports

Imports in Scandinavia

Tufted carpet imports rose slightly to X square meters in 2023, growing by X% on 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X square meters in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, tufted carpet imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

Imports by Country

Sweden was the major importing country with an import of about X square meters, which accounted for X% of total imports. Norway (X square meters) ranks second in terms of the total imports with a X% share, followed by Finland (X%).

Sweden was also the fastest-growing in terms of the tufted carpets and other tufted textile floor coverings imports, with a CAGR of X% from 2012 to 2023. At the same time, Finland (X%) and Norway (X%) displayed positive paces of growth. While the share of Sweden (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported tufted carpets and other tufted textile floor coverings in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports.

In Sweden, tufted carpet imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per square meter, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per square meter), while Sweden ($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 Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform