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Australia - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Australia - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Mar 29, 2023

Australia's Carpet Price Rises Slightly to $8.2 per Square Meter

Australia Carpet Import Price in December 2022

In December 2022, the carpet price amounted to $8.2 per square meter (CIF, Australia), increasing by 4.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in February 2022 an increase of 26% against the previous month. As a result, import price attained the peak level of $8,670 per thousand square meters. From March 2022 to December 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was New Zealand ($12.7 per square meter), while the price for Belgium ($5.0 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 India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Australia Carpet Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was knotted carpets and other knotted textile floor coverings ($46.4 per square meter), while the price for woven carpets and other woven textile coverings ($6.8 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 tufted carpet (+4.5%), while the prices for the other products experienced mixed trend patterns.

Australia Carpet Imports

In December 2022, the amount of carpets and other textile floor coverings imported into Australia contracted sharply to 2.1M square meters, reducing by -18.4% against November 2022 figures. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in March 2022 with an increase of 45% against the previous month. Over the period under review, imports reached the peak figure at 6.3M square meters in December 2021; however, from January 2022 to December 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports declined to $17M (IndexBox estimates) in December 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in August 2022 when imports increased by 36% month-to-month. Imports peaked at 36M square meters in December 2021; however, from January 2022 to December 2022, imports remained at a lower figure.

Australia Carpet Imports by Type

In December 2022, woven carpets and other woven textile coverings (1.5M square meters) constituted the largest type of carpet supplied to Australia, accounting for a 72% share of total imports. Moreover, woven carpets and other woven textile coverings exceeded the figures recorded for the second-largest type, tufted carpets and other tufted textile floor coverings (556K square meters), threefold.

From December 2021 to December 2022, the average monthly growth rate of the volume of import of woven carpets and other woven textile coverings amounted to -2.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: tufted carpets and other tufted textile floor coverings (-15.7% per month) and knotted carpets and other knotted textile floor coverings (+2.2% per month).

In value terms, woven carpets and other woven textile coverings ($10M) constituted the largest type of carpet supplied to Australia, comprising 60% of total imports. The second position in the ranking was taken by tufted carpets and other tufted textile floor coverings ($5.1M), with a 30% share of total imports.

Australia Carpet Imports by Country

India (585K square meters), Turkey (393K square meters) and China (339K square meters) were the main suppliers of carpet imports to Australia, with a combined 63% share of total imports. New Zealand, the United States, Belgium and Iran lagged somewhat behind, together comprising a further 27%.

From December 2021 to December 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +5.5%), while imports for the other leaders experienced a decline.

In value terms, the largest carpet suppliers to Australia were India ($6.2M), New Zealand ($3.1M) and China ($2.2M), together accounting for 67% of total imports. Turkey, the United States, Iran and Belgium lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Iran, with a CAGR of +2.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Rising Costs of Raw Materials and High-End Equipment Drive Up Prices of Carpets

Firstly, the cost of raw materials such as wool and nylon has increased, which has led to an increase in manufacturing costs. Additionally, the weak Australian dollar has made it more expensive for manufacturers to import machinery and equipment, further driving up the cost of production.

Furthermore, there has been an increase in demand for premium quality carpets, which has resulted in manufacturers investing in high-end production equipment and advanced manufacturing processes. This has also contributed to the rise in prices.

Industry experts believe that the demand for carpets will remain strong despite the price increase, as they offer numerous benefits such as insulation, noise reduction, and added comfort.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the carpet market in Australia. 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:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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