China - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCarpet Shipments From China See Significant Growth, Reaching $2.2 Billion in 2024
China Carpet Exports
In 2024, the amount of carpets and other textile floor coverings exported from China skyrocketed to 501M square meters, rising by 20% compared with 2023. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. The exports peaked in 2024 and are likely to see gradual growth in years to come.
In value terms, carpet exports rose sharply to $2.4B (IndexBox estimates) in 2024. The total export value increased at an average annual rate of +2.2% over the period from 2014 to 2024; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The exports peaked in 2024 and are likely to see gradual growth in the near future.
| COUNTRY | Export Value of Carpet in China (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 369 | 382 | 382 | 413 | 503 | 332 | 305 | 351 | 371 | 437 |
| Japan | 225 | 191 | 188 | 194 | 206 | 203 | 191 | 208 | 206 | 168 |
| Australia | 91.0 | 103 | 107 | 111 | 112 | 99.4 | 105 | 99.5 | 120 | 109 |
| Malaysia | 84.8 | 90.6 | 72.4 | 67.7 | 65.8 | 64.7 | 82.9 | 118 | 120 | 106 |
| Iraq | 1.1 | 2.1 | 1.7 | 7.1 | 4.9 | 8.1 | 12.0 | 9.6 | 24.8 | 87.1 |
| Saudi Arabia | 47.9 | 68.1 | 45.3 | 57.0 | 65.3 | 69.7 | 76.7 | 77.4 | 86.1 | 85.8 |
| Vietnam | 51.1 | 54.7 | 58.3 | 58.3 | 72.8 | 103 | 113 | 107 | 93.6 | 82.6 |
| United Kingdom | 60.2 | 66.9 | 77.9 | 72.3 | 75.4 | 74.5 | 79.3 | 85.8 | 44.1 | 42.3 |
| Others | 981 | 932 | 829 | 870 | 940 | 929 | 834 | 1,086 | 996 | 1,076 |
| Total | 1,911 | 1,890 | 1,760 | 1,851 | 2,045 | 1,883 | 1,800 | 2,141 | 2,061 | 2,194 |
Exports by Country
the United States (68M square meters) was the main destination for carpet exports from China, with a 16% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Japan (26M square meters), threefold. The third position in this ranking was taken by Malaysia (24M square meters), with a 5.8% share.
From 2014 to 2023, the average annual rate of growth in terms of volume to the United States totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.8% per year) and Malaysia (+7.6% per year).
In value terms, the United States ($437M) remains the key foreign market for carpets and other textile floor coverings exports from China, comprising 20% of total exports. The second position in the ranking was held by Japan ($168M), with a 7.7% share of total exports. It was followed by Australia, with a 5% share.
From 2014 to 2023, the average annual rate of growth in terms of value to the United States stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-3.2% per year) and Australia (+2.1% per year).
Exports by Type
Tufted carpets and other tufted textile floor coverings (320M square meters), woven carpets and other woven textile coverings (165M square meters) and knotted carpets and other knotted textile floor coverings (17M square meters) were the main products of carpet exports from China, together accounting for 99.9% of total exports.
From 2014 to 2024, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by knotted carpets and other knotted textile floor coverings (with a CAGR of +10.4%), while the other products experienced more modest paces of growth.
In value terms, carpets and other textile floor coverings with the largest exports in China were tufted carpets and other tufted textile floor coverings ($1.5B), woven carpets and other woven textile coverings ($772M) and knotted carpets and other knotted textile floor coverings ($149M).
Woven carpets and other woven textile coverings, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
Export Prices by Country
In 2024, the carpet price stood at $5.3 per square meter in 2023 (FOB, China), reducing by -11.2% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum at $9 per square meter in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Australia ($7.8 per square meter), while the average price for exports to Brazil ($2.5 per square meter) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+0.4%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the carpet market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
