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

India - Tufted Carpets And Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Jul 22, 2023

India's Price for Tufted Carpets Hits a Low Point at $9.7 Per Square Meter

India Tufted Carpet Export Price in March 2023

In March 2023, the tufted carpet price stood at $9.7 per square meter (FOB, India), declining by -2.3% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 6.3% m-o-m. As a result, the export price reached the peak level of $10,608 per thousand square meters. From September 2022 to March 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In March 2023, the country with the highest price was France ($10.6 per square meter), while the average price for exports to Brazil ($4.6 per square meter) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Tufted Carpet in India (USD per square meter)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
France10.711.211.710.110.012.510.48.912.710.610.613.210.6
Canada9.29.59.810.410.310.19.98.89.411.713.712.610.4
United States10.711.211.311.611.011.811.111.612.011.011.210.510.3
United Kingdom9.711.511.012.010.210.49.511.29.210.310.99.19.8
Germany10.810.513.510.310.39.69.79.09.08.36.99.69.7
Australia8.59.58.19.89.79.69.28.39.19.88.68.68.9
Netherlands8.510.07.97.78.411.111.06.66.37.76.78.78.8
Spain9.210.89.57.99.210.68.89.66.69.08.68.08.8
Italy7.58.87.89.39.29.29.77.16.57.48.47.27.1
Belgium7.712.110.37.99.28.27.58.79.17.814.07.56.9
Poland6.87.88.98.88.77.26.78.17.07.36.96.66.3
Brazil5.12.55.14.44.34.74.34.87.03.35.44.44.6
Average10.210.510.610.610.010.610.29.810.39.910.19.99.7

India Tufted Carpet Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up ($17.6 per square meter), while the average price for exports 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 stood at $7.5 per square meter.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for the following types: carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up (+0.2%), while the prices for the other product experienced more modest paces of growth.

India Tufted Carpet Exports

In March 2023, shipments abroad of tufted carpets and other tufted textile floor coverings was finally on the rise to reach 3.2M square meters after two months of decline. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in December 2022 with an increase of 10% against the previous month. The exports peaked at 6.1M square meters in March 2022; however, from April 2022 to March 2023, the exports stood at a somewhat lower figure.

In value terms, tufted carpet exports rose remarkably to $31M (IndexBox estimates) in March 2023. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in November 2022 when exports increased by 13% m-o-m. The exports peaked at 62M square meters in March 2022; however, from April 2022 to March 2023, the exports remained at a lower figure.

India Tufted Carpet Exports by Type

Carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up (2.5M square meters) was the largest type of tufted carpet exported from India, accounting for a 78% share of total exports. 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 volume of the second product type, carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up (705K square meters), fourfold.

From March 2022 to March 2023, the average monthly growth rate of the volume of export 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 amounted to -3.7%.

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 ($19M) and carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up ($12M) constituted the most exported types of tufted carpets and other tufted textile floor coverings from India worldwide.

Among the main product categories, carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up, with a CAGR of -2.6%, saw the highest rates of growth with regard to the value of exports, over the period under review.

India Tufted Carpet Exports by Country

The United States (1.7M square meters) was the main destination for tufted carpet exports from India, with a 53% share of total exports. Moreover, tufted carpet exports to the United States exceeded the volume sent to the second major destination, the UK (176K square meters), tenfold. The third position in this ranking was held by Germany (147K square meters), with a 4.5% share.

From March 2022 to March 2023, the average monthly growth rate of volume to the United States stood at -5.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-5.8% per month) and Germany (-4.1% per month).

In value terms, the United States ($18M) remains the key foreign market for tufted carpet exports from India, comprising 57% of total exports. The second position in the ranking was held by the UK ($1.7M), with a 5.5% share of total exports. It was followed by Germany, with a 4.5% share.

From March 2022 to March 2023, the average monthly rate of growth in terms of value to the United States amounted to -5.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-5.7% per month) and Germany (-5.1% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tufted 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 13931300 - Tufted carpets and other tufted 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:

  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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