Export of Woven Carpets From Turkey Sees a 3% Decrease, Totaling $2.2B in 2023.

Turkey Woven Carpet Exports

Woven carpet exports from Turkey was estimated at 418M square meters in 2023, approximately mirroring 2022 figures. In general, total exports indicated a moderate increase from 2013 to 2023: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -15.9% against 2021 indices. The growth pace was the most rapid in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum at 498M square meters in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, woven carpet exports reduced slightly to $2.2B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +1.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of $2.7B. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

the United States (110M square meters) was the main destination for woven carpet exports from Turkey, accounting for a 26% share of total exports. Moreover, woven carpet exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (54M square meters), twofold. The third position in this ranking was taken by Iraq (33M square meters), with an 8% share.

From 2013 to 2023, the average annual growth rate of volume to the United States stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+0.9% per year) and Iraq (+1.2% per year).

In value terms, the United States ($715M) remains the key foreign market for woven carpets and other woven textile coverings exports from Turkey, comprising 32% of total exports. The second position in the ranking was taken by Saudi Arabia ($249M), with an 11% share of total exports. It was followed by Germany, with a 5.7% share.

From 2013 to 2023, the average annual growth rate of value to the United States totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-2.3% per year) and Germany (+2.4% per year).

Exports by Type

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 (387M square meters) was the largest type of woven carpets and other woven textile coverings exported from Turkey, with a 93% share of total exports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (11M square meters), with a 2.6% share of total exports. The third position in this ranking was held by carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (10M square meters), with a 2.5% share.

From 2013 to 2023, the average annual growth rate of the volume 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 exports amounted to +4.1%. With regard to the other exported products, the following average annual rates of growth were recorded: carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+41.4% per year) and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (+8.4% per year).

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 ($2.1B) remains the largest type of woven carpets and other woven textile coverings exported from Turkey, comprising 95% of total exports. The second position in the ranking was taken by carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 ($32M), with a 1.4% share of total exports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20, with a 1.3% share.

From 2013 to 2023, the average annual growth rate of the value 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 exports stood at +1.6%. With regard to the other exported products, the following average annual rates of growth were recorded: carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (+27.0% per year) and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (-4.2% per year).

Export Prices by Country

In 2023, the woven carpet price amounted to $5.3 per square meter (FOB, Turkey), dropping by -3.4% against the previous year. Overall, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 11%. Over the period under review, the average export prices reached the peak figure at $7 per square meter in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($7.4 per square meter), while the average price for exports to Iran ($2.8 per square meter) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.1%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform