Canada - Tufted Carpets And Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanadian Tufted Carpet Imports Decline to $3.4M in September 2023
Canada Tufted Carpet Imports
In September 2023, purchases abroad of tufted carpets and other tufted textile floor coverings was finally on the rise to reach 257K square meters after two months of decline. In general, imports recorded a pronounced increase. The most prominent rate of growth was recorded in February 2023 when imports increased by 54% m-o-m. Over the period under review, imports hit record highs at 384K square meters in April 2023; however, from May 2023 to September 2023, imports failed to regain momentum.
In value terms, tufted carpet imports shrank to $3.4M (IndexBox estimates) in September 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when imports increased by 27% against the previous month. Imports peaked at 4.1M square meters in March 2023; however, from April 2023 to September 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Tufted Carpet in Canada (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| India | 1,363 | 1,146 | 1,464 | 1,251 | 1,126 | 1,161 | 1,472 | 1,372 | 1,341 | 1,424 | 1,055 | 1,919 | 1,918 |
| United States | 988 | 775 | 792 | 635 | 849 | 1,090 | 1,088 | 1,032 | 1,130 | 952 | 782 | 939 | 558 |
| China | 632 | 660 | 275 | 413 | 239 | 290 | 448 | 339 | 310 | 659 | 509 | 363 | 295 |
| Portugal | 40.1 | 53.1 | 63.9 | 40.6 | 67.2 | 39.7 | 52.3 | 68.6 | 25.6 | 96.0 | 132 | 40.8 | 123 |
| Netherlands | 40.5 | 66.6 | 223 | 362 | 149 | 23.4 | 52.3 | 139 | 192 | 191 | 177 | 132 | 59.9 |
| New Zealand | 196 | 69.9 | 209 | 207 | 57.9 | 66.4 | 137 | 57.9 | 72.9 | 62.4 | 39.5 | 202 | 47.0 |
| Others | 234 | 918 | 615 | 297 | 378 | 964 | 835 | 591 | 542 | 531 | 360 | 151 | 394 |
| Total | 3,493 | 3,688 | 3,642 | 3,206 | 2,865 | 3,635 | 4,085 | 3,599 | 3,613 | 3,915 | 3,056 | 3,746 | 3,395 |
Imports by Country
In September 2023, India (153K square meters) constituted the largest tufted carpet supplier to Canada, with a 60% share of total imports. Moreover, tufted carpet imports from India exceeded the figures recorded by the second-largest supplier, the United States (37K square meters), fourfold. China (19K square meters) ranked third in terms of total imports with a 7.2% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of volume from India amounted to +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-2.8% per month) and China (-7.2% per month).
In value terms, India ($1.9M) constituted the largest supplier of tufted carpet to Canada, comprising 57% of total imports. The second position in the ranking was held by the United States ($558K), with a 16% share of total imports. It was followed by China, with an 8.7% share.
From September 2022 to September 2023, the average monthly growth rate of value from India totaled +2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (-4.7% per month) and China (-6.2% per month).
Imports by Type
In September 2023, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up (202K square meters) constituted the largest type of tufted carpet supplied to Canada, accounting for a 79% share of total imports. Moreover, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, 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; tufted, of wool or fine animal hair, whether or not made up (55K square meters), fourfold.
From September 2022 to September 2023, the average monthly rate of growth in terms of the volume of import of carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up totaled +4.6%.
In value terms, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up ($1.9M) and carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up ($1.5M) appeared to be the most imported types of tufted carpets and other tufted textile floor coverings in Canada.
Import Prices by Country
In September 2023, the tufted carpet price stood at $13.2 per square meter (CIF, Canada), shrinking by -23.4% against the previous month. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 64% against the previous month. The import price peaked at $18.4 per square meter in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($18.3 per square meter), while the price for Turkey ($9.1 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 China (+1.2%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the tufted 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 13931300 - Tufted carpets and other tufted 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
