China - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Chinese Hand-Knotted Carpets Drops 11% to $9.4/sqm
China Knotted Carpet Export Price in June 2023
In June 2023, the knotted carpet price stood at $9.4 per square meter (FOB, China), reducing by -11.3% against the previous month. Overall, the export price continues to indicate a mild slump. The growth pace was the most rapid in December 2022 when the average export price increased by 42% against the previous month. As a result, the export price attained the peak level of $12,080 per thousand square meters. From January 2023 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was the United States ($9.0 per square meter), while the average price for exports to Malaysia ($6.9 per square meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-2.1%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Knotted Carpet in China (USD per square meter) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| United States | 14.0 | 14.9 | 13.6 | 11.3 | 11.2 | 11.9 | 17.8 | 10.1 | 11.8 | 11.4 | 9.3 | 8.9 | 9.0 |
| Singapore | 11.9 | 14.2 | 9.9 | 8.7 | 12.2 | 11.0 | 13.8 | 15.0 | 12.1 | 5.3 | 11.6 | 9.5 | 8.6 |
| Malaysia | 9.0 | 7.8 | 9.6 | 8.4 | 8.5 | 8.6 | 11.1 | 11.1 | 12.0 | 5.9 | 5.3 | 7.8 | 6.9 |
| Average | 10.6 | 12.0 | 10.4 | 9.5 | 9.8 | 8.5 | 12.1 | 12.0 | 11.5 | 7.5 | 8.9 | 10.7 | 9.4 |
China Knotted Carpet Export Prices by Type
Average prices varied noticeably for the major types of exported product. In June 2023, the product with the highest price was carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($9.8 per square meter), while the average price for exports of carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up stood at $8.9 per square meter.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (-0.2%).
China Knotted Carpet Exports
After two months of decline, shipments abroad of knotted carpets and other knotted textile floor coverings increased by 12% to 751K square meters in June 2023. Overall, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in March 2023 with an increase of 374% month-to-month. As a result, the exports attained the peak of 1.9M square meters. From April 2023 to June 2023, the growth of the exports failed to regain momentum.
In value terms, knotted carpet exports dropped slightly to $7.1M (IndexBox estimates) in June 2023. Over the period under review, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in March 2023 when exports increased by 210% m-o-m. As a result, the exports reached the peak of $14M. From April 2023 to June 2023, the growth of the exports failed to regain momentum.
China Knotted Carpet Exports by Type
Carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (489K square meters) and carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (262K square meters) were the main products of knotted carpet exports from China.
From June 2022 to June 2023, the biggest increases were in carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (with a CAGR of +6.3%).
In value terms, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($4.8M) remains the largest type of knotted carpet exported from China, comprising 67% of total exports. The second position in the ranking was taken by carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up ($2.3M), with a 33% share of total exports.
From June 2022 to June 2023, the average monthly growth rate of the export volume of carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up totaled -4.9%.
China Knotted Carpet Exports by Country
Singapore (156K square meters), the United States (148K square meters) and Malaysia (102K square meters) were the main destinations of knotted carpet exports from China, together accounting for 54% of total exports. Vietnam, Australia, the UK, Kazakhstan, Mexico, South Korea, France, Iraq, Japan and Brazil lagged somewhat behind, together comprising a further 28%.
From June 2022 to June 2023, the biggest increases were in France (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for knotted carpet exported from China were Singapore ($1.3M), the United States ($1.3M) and Malaysia ($709K), with a combined 48% share of total exports. Australia, Japan, the UK, Kazakhstan, South Korea, Vietnam, France, Brazil, Iraq and Mexico lagged somewhat behind, together comprising a further 24%.
France, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the knotted 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
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
