Qatar's Woven Carpet Price Drops to $12.6 per Square Meter

Qatar Woven Carpet Import Price in January 2023

In January 2023, the woven carpet price amounted to $12.6 per square meter (CIF, Qatar), reducing by -29.5% against the previous month. In general, the import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 77% m-o-m. As a result, import price attained the peak level of $30.2 per square meter. From April 2022 to January 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Switzerland ($60.1 per square meter), while the price for the UK ($6.6 per square meter) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by India (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Qatar Woven Carpet Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs ($184 per square meter), while the price for carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($7.2 per square meter) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs (+36.8%), while the prices for the other products experienced more modest paces of growth.

Qatar Woven Carpet Imports

Woven carpet imports into Qatar skyrocketed to 147K square meters in January 2023, with an increase of 172% compared with the month before. Over the period under review, imports continue to indicate a temperate increase. The pace of growth was the most pronounced in July 2022 when imports increased by 321% against the previous month. As a result, imports reached the peak of 241K square meters. From August 2022 to January 2023, the growth of imports remained at a somewhat lower figure.

In value terms, woven carpet imports surged to $1.9M (IndexBox estimates) in January 2023. In general, imports enjoyed a notable expansion. Over the period under review, imports reached the maximum at 2.6M square meters in March 2022; however, from April 2022 to January 2023, imports failed to regain momentum.

Qatar Woven Carpet Imports by Type

In January 2023, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (104K square meters) constituted the largest type of woven carpet supplied to Qatar, accounting for a 71% share of total imports. Moreover, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 exceeded the figures recorded for the second-largest type, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (17K square meters), sixfold. Carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (12K square meters) ranked third in terms of total imports with an 8.5% share.

From January 2022 to January 2023, the average monthly growth rate of the volume of import of carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 amounted to +6.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (+1.5% per month) and carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (+4.4% per month).

In value terms, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 ($867K) constituted the largest type of woven carpet supplied to Qatar, comprising 47% of total imports. The second position in the ranking was held by carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 ($288K), with a 15% share of total imports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs, with a 14% share.

Qatar Woven Carpet Imports by Country

In January 2023, Turkey (102K square meters) constituted the largest woven carpet supplier to Qatar, accounting for a 70% share of total imports. Moreover, woven carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, India (13K square meters), eightfold. China (12K square meters) ranked third in terms of total imports with an 8.4% share.

From January 2022 to January 2023, the average monthly growth rate of volume from Turkey stood at +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+1.2% per month) and China (+1.6% per month).

In value terms, Turkey ($880K) constituted the largest supplier of woven carpet to Qatar, comprising 47% of total imports. The second position in the ranking was held by India ($410K), with a 22% share of total imports. It was followed by China, with an 11% share.

From January 2022 to January 2023, the average monthly growth rate of value from Turkey totaled +3.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+14.6% per month) and China (+2.5% per month).

Source: IndexBox Market Intelligence Platform