India - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Knotted Carpets From India Experiences a Slight Uptick, Reaching $25 Million in October 2023
India Knotted Carpet Exports
In October 2023, approximately 294K square meters of knotted carpets and other knotted textile floor coverings were exported from India; stabilizing at September 2023. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in March 2023 when exports increased by 36% against the previous month. The exports peaked at 663K square meters in October 2022; however, from November 2022 to October 2023, the exports remained at a lower figure.
In value terms, knotted carpet exports expanded sharply to $25M (IndexBox estimates) in October 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when exports increased by 33% m-o-m. As a result, the exports reached the peak of $31M. From April 2023 to October 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Knotted Carpet in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 16.2 | 18.4 | 21.0 | 16.8 | 17.0 | 22.6 | 17.8 | 18.2 | 15.4 | 16.0 | 16.4 | 15.8 | 16.6 |
| Germany | 0.5 | 1.0 | 2.2 | 1.2 | 0.8 | 1.2 | 0.7 | 1.0 | 0.9 | 0.7 | 0.5 | 1.3 | 1.2 |
| Australia | 1.1 | 0.8 | 1.2 | 0.9 | 0.4 | 0.9 | 1.4 | 0.8 | 0.7 | 0.6 | 0.9 | 0.6 | 0.8 |
| Others | 9.7 | 6.3 | 5.4 | 5.5 | 4.9 | 6.1 | 6.2 | 5.9 | 5.0 | 4.2 | 4.8 | 4.4 | 6.1 |
| Total | 27.5 | 26.4 | 29.9 | 24.4 | 23.1 | 30.7 | 26.0 | 25.9 | 21.8 | 21.4 | 22.6 | 22.0 | 24.8 |
Exports by Country
The United States (206K square meters) was the main destination for knotted carpet exports from India, with a 70% share of total exports. Moreover, knotted carpet exports to the United States exceeded the volume sent to the second major destination, Australia (14K square meters), more than tenfold.
From October 2022 to October 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (-2.8% per month) and Germany (+7.1% per month).
In value terms, the United States ($17M) remains the key foreign market for knotted carpet exports from India, comprising 67% of total exports. The second position in the ranking was held by Germany ($1.2M), with a 4.9% share of total exports.
From October 2022 to October 2023, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+8.5% per month) and Australia (-2.5% per month).
Exports by Type
Carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (243K square meters) was the largest type of knotted carpet exported from India, with a 83% share of total exports. Moreover, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up exceeded the volume of the second product type, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (51K square meters), fivefold.
From October 2022 to October 2023, the average monthly rate of growth in terms of the volume of export of carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up was relatively modest.
In value terms, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up ($18M) remains the largest type of knotted carpet exported from India, comprising 73% of total exports. The second position in the ranking was taken by carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($6.7M), with a 27% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of the export volume of carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up was relatively modest.
Export Prices by Country
In October 2023, the knotted carpet price stood at $84.5 per square meter (FOB, India), picking up by 14% against the previous month. Overall, export price indicated a buoyant expansion from October 2022 to October 2023: its price increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, knotted carpet export price increased by +14.3% against September 2023 indices. The growth pace was the most rapid in November 2022 an increase of 96% m-o-m. The export price peaked at $91.2 per square meter in April 2023; however, from May 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($194 per square meter), while the average price for exports to Sweden ($42.1 per square meter) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the knotted carpet market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
