Turkey - Carpets And Other Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkish Carpet Exports Soar by 6% to Reach a Historic High of $230M in October 2023
Turkey Carpet Exports
In October 2023, overseas shipments of carpets and other textile floor coverings increased by 8.5% to 42M square meters, rising for the third month in a row after two months of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 with an increase of 94% month-to-month. The exports peaked in October 2023.
In value terms, carpet exports stood at $230M (IndexBox estimates) in October 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 106% m-o-m. The exports peaked in October 2023.
| COUNTRY | Export Value of Carpet in Turkey (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 | 67.5 | 61.4 | 74.2 | 55.3 | 36.9 | 67.5 | 56.9 | 62.7 | 69.1 | 53.5 | 65.7 | 73.4 | 71.0 |
| Iraq | 22.7 | 16.8 | 7.5 | 2.2 | 1.5 | 3.2 | 2.3 | 5.7 | 5.6 | 4.8 | 11.3 | 19.0 | 26.7 |
| Saudi Arabia | 19.5 | 21.7 | 28.4 | 27.9 | 8.1 | 41.5 | 23.4 | 25.9 | 17.2 | 17.1 | 19.8 | 16.1 | 17.2 |
| Germany | 10.1 | 10.5 | 11.9 | 12.1 | 8.6 | 12.7 | 10.7 | 11.2 | 10.5 | 7.1 | 11.1 | 11.2 | 11.6 |
| United Arab Emirates | 8.7 | 6.7 | 8.2 | 7.9 | 2.5 | 9.6 | 6.7 | 8.2 | 6.8 | 5.5 | 7.5 | 7.0 | 6.5 |
| Libya | 4.7 | 5.5 | 7.1 | 5.6 | 3.2 | 4.0 | 7.3 | 4.7 | 4.0 | 4.1 | 3.0 | 5.0 | 6.3 |
| Kazakhstan | 4.8 | 5.3 | 3.8 | 3.9 | 1.9 | 3.7 | 2.7 | 4.4 | 4.6 | 3.5 | 5.1 | 4.6 | 4.5 |
| Others | 83.5 | 90.8 | 83.2 | 69.1 | 45.1 | 80.3 | 72.9 | 74.6 | 75.5 | 60.7 | 75.7 | 81.9 | 86.4 |
| Total | 221 | 219 | 224 | 184 | 108 | 223 | 183 | 197 | 193 | 156 | 199 | 218 | 230 |
Exports by Country
The United States (10M square meters), Iraq (6.9M square meters) and Saudi Arabia (4M square meters) were the main destinations of carpet exports from Turkey, with a combined 51% share of total exports. These countries were followed by Germany, Libya, the United Arab Emirates and Kazakhstan, which together accounted for a further 13%.
From October 2022 to October 2023, the biggest increases were in Germany (with a CAGR of +2.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($71M) remains the key foreign market for carpet exports from Turkey, comprising 31% of total exports. The second position in the ranking was held by Iraq ($27M), with a 12% share of total exports. It was followed by Saudi Arabia, with a 7.5% share.
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: Iraq (+1.4% per month) and Saudi Arabia (-1.0% per month).
Exports by Type
Woven carpets and other woven textile coverings (41M square meters) was the largest type of carpet exported from Turkey, accounting for a 97% share of total exports. It was followed by tufted carpets and other tufted textile floor coverings (857K square meters), with a 2% share of total exports.
From October 2022 to October 2023, the average monthly growth rate of the volume of export of woven carpets and other woven textile coverings was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: tufted carpets and other tufted textile floor coverings (+2.4% per month) and knotted carpets and other knotted textile floor coverings (+1.2% per month).
In value terms, woven carpets and other woven textile coverings ($219M) remains the largest type of carpet exported from Turkey, comprising 95% of total exports. The second position in the ranking was held by knotted carpets and other knotted textile floor coverings ($6.3M), with a 2.7% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of the export volume of woven carpets and other woven textile coverings was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: knotted carpets and other knotted textile floor coverings (+2.2% per month) and tufted carpets and other tufted textile floor coverings (-0.3% per month).
Export Prices by Country
In October 2023, the carpet price amounted to $5.4 per square meter (FOB, Turkey), dropping by -2.6% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 6.1% month-to-month. Over the period under review, the average export prices reached the maximum at $5.7 per square meter in December 2022; however, from January 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 UK ($7.5 per square meter), while the average price for exports to Iraq ($3.9 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 (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the carpet market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
