Turkey's Woven Carpet Exports Fall Marginally to $2.2 Billion in 2024

Turkey Woven Carpet Exports

In 2024, the amount of woven carpets and other woven textile coverings exported from Turkey shrank to 364M square meters, which is down by -13% against the previous year. In general, total exports indicated a noticeable increase from 2014 to 2024: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -26.9% against 2021 indices. The growth pace was the most rapid in 2017 when exports increased by 17% against the previous year. The exports peaked at 498M square meters in 2021; however, from 2022 to 2024, the exports failed to regain momentum.

In value terms, woven carpet exports dropped to $2B (IndexBox estimates) in 2024. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $2.7B. From 2022 to 2024, the growth of the exports failed to regain momentum.

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. Iraq (34M square meters) ranked third in terms of total exports with an 8% share.

From 2014 to 2023, the average annual rate of growth in terms of volume to the United States amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-1.8% per year) and Iraq (-0.4% 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 2014 to 2023, the average annual growth rate of value to the United States stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-4.0% per year) and Germany (+0.7% 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 (336M square meters) was the largest type of woven carpets and other woven textile coverings exported from Turkey, with a 92% share of total exports. 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 volume of the second product type, 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 (13M square meters), more than tenfold. 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 (8.7M square meters) ranked third in terms of total exports with a 2.4% share.

From 2014 to 2024, the average annual rate of growth in terms 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 stood at +1.5%. 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 (+30.1% 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 (+7.0% 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 ($1.8B) remains the largest type of woven carpets and other woven textile coverings exported from Turkey, comprising 94% 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 ($48M), with a 2.4% 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 1.6% share.

From 2014 to 2024, 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 was relatively modest. 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 (+20.1% 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 (-2.9% per year).

Export Prices by Country

In 2024, the woven carpet price stood at $5.3 per square meter in 2023 (FOB, Turkey), with a decrease of -3.3% against the previous year. Over the period under review, the export price saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 11%. Over the period under review, the average export prices attained the maximum at $6.8 per square meter in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($7.3 per square meter), while the average price for exports to Iran ($2.8 per square meter) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-0.4%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform