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

Canada - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Dec 17, 2023

September 2023 Sees a Modest Increase in Canada's Import of Knotted Carpets to $1.8M

Canada Knotted Carpet Imports

In September 2023, purchases abroad of knotted carpets and other knotted textile floor coverings increased by 31% to 184K square meters, rising for the second consecutive month after two months of decline. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in January 2023 when imports increased by 88% month-to-month. Imports peaked in September 2023.

In value terms, knotted carpet imports reached $1.8M (IndexBox estimates) in September 2023. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in October 2022 with an increase of 37% against the previous month. Over the period under review, imports attained the peak figure at 2.3M square meters in June 2023; however, from July 2023 to September 2023, imports failed to regain momentum.Canada Knotted Carpet Imports By Country (Thousand USD)

COUNTRYImport Value of Knotted Carpet in Canada (thousand USD)
Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023
India8381,2007619718679016289419861,095917747717
Turkey301649477206487319348614462498354325355
Nepal196161230220379161278268153235345154285
China43.225.176.560.874.815425.310176.410963.2113156
Others20413336872976.269.1274198210353235277271
Total1,5832,1691,9122,1861,8841,6051,5522,1221,8882,2901,9141,6151,783

Imports by Country

China (67K square meters), Turkey (62K square meters) and India (36K square meters) were the main suppliers of knotted carpet imports to Canada, together accounting for 90% of total imports.

From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($717K) constituted the largest supplier of knotted carpet to Canada, comprising 40% of total imports. The second position in the ranking was held by Turkey ($355K), with a 20% share of total imports. It was followed by Nepal, with a 16% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of value from India stood at -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (+1.4% per month) and Nepal (+3.1% per month).

Imports by Type

In September 2023, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (164K square meters) constituted the largest type of knotted carpet supplied to Canada, with a 89% share of total imports. Moreover, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up exceeded the figures recorded for the second-largest type, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (20K square meters), eightfold.

From September 2022 to September 2023, the average monthly growth rate of the volume of import of carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up amounted to +7.5%.

In value terms, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up ($1.1M) and carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($716K) were the most imported types of knotted carpets and other knotted textile floor coverings in Canada.

Import Prices by Country

In September 2023, the knotted carpet price stood at $9.7 per square meter (CIF, Canada), reducing by -15.9% against the previous month. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in December 2022 when the average import price increased by 42% month-to-month. As a result, import price reached the peak level of $27,652 per thousand square meters. From January 2023 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Nepal ($34.1 per square meter), while the price for China ($2.3 per square meter) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Nepal (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knotted carpet market in Canada. 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

Country coverage:

  • Canada

Data coverage:

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