U.S. - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Carpet Import Value Drops 4% to $33M in February 2023
U.S. Knotted Carpet Imports
Knotted carpet imports into the United States reduced dramatically to 480K square meters in February 2023, shrinking by -16.3% compared with the previous month. In general, imports saw a perceptible reduction. The growth pace was the most rapid in July 2022 when imports increased by 34% against the previous month. Imports peaked at 814K square meters in April 2022; however, from May 2022 to February 2023, imports stood at a somewhat lower figure.
In value terms, knotted carpet imports declined modestly to $33M (IndexBox estimates) in February 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 with an increase of 25% against the previous month. Over the period under review, imports hit record highs at 42M square meters in May 2022; however, from June 2022 to February 2023, imports failed to regain momentum.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Import Value of Knotted Carpet in U.S. (million USD) | |||||||||||||
| India | 18.5 | 21.0 | 25.2 | 25.7 | 18.9 | 22.1 | 16.6 | 21.9 | 20.0 | 22.3 | 18.6 | 22.7 | 20.5 |
| Nepal | 3.4 | 4.3 | 4.0 | 3.8 | 4.0 | 3.9 | 4.2 | 4.5 | 5.3 | 3.8 | 4.5 | 3.9 | 4.2 |
| Pakistan | 4.0 | 4.6 | 5.8 | 5.1 | 4.1 | 6.4 | 6.5 | 4.2 | 3.6 | 5.4 | 6.0 | 4.2 | 3.2 |
| Turkey | 1.9 | 4.3 | 1.9 | 3.4 | 2.1 | 2.9 | 2.6 | 2.7 | 3.0 | 2.4 | 0.8 | 2.0 | 2.7 |
| China | 0.2 | 0.4 | 0.6 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.4 | 0.3 |
| United Arab Emirates | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 |
| Thailand | 0.1 | N/A | N/A | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 |
| Others | 43.1 | 45.8 | 39.7 | 46.3 | 37.9 | 37.9 | 32.4 | 42.9 | 41.9 | 46.0 | 42.3 | 17.4 | 12.9 |
| Total | 71.1 | 80.4 | 77.2 | 84.9 | 67.6 | 73.7 | 63.3 | 77.0 | 74.4 | 80.6 | 73.1 | 50.7 | 43.9 |
Imports by Country
In February 2023, India (344K square meters) constituted the largest supplier of knotted carpet to the United States, with a 72% share of total imports. Moreover, knotted carpet imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (43K square meters), eightfold. The third position in this ranking was held by Turkey (37K square meters), with a 7.6% share.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from India stood at -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Pakistan (-0.6% per month) and Turkey (-7.8% per month).
In value terms, India ($20M) constituted the largest supplier of knotted carpet to the United States, comprising 63% of total imports. The second position in the ranking was held by Nepal ($4.2M), with a 13% share of total imports. It was followed by Pakistan, with a 9.7% share.
From February 2022 to February 2023, the average monthly growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Nepal (+1.8% per month) and Pakistan (-1.9% per month).
Imports by Type
In February 2023, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (364K square meters) constituted the largest type of knotted carpet supplied to the United States, accounting for a 76% share of total imports. Moreover, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up exceeded the figures recorded for the second-largest type, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (116K square meters), threefold.
From February 2022 to February 2023, the average monthly growth rate of the volume of import of carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up totaled -1.8%.
In value terms, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up ($25M) constituted the largest type of knotted carpet supplied to the United States, comprising 78% of total imports. The second position in the ranking was held by carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($7.3M), with a 22% share of total imports.
Import Prices by Country
In February 2023, the knotted carpet price stood at $68.0 per square meter (CIF, US), rising by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.0%. The most prominent rate of growth was recorded in May 2022 an increase of 31% against the previous month. Over the period under review, average import prices reached the maximum at $68.1 per square meter in November 2022; however, from December 2022 to February 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Nepal ($240 per square meter), while the price for the United Arab Emirates ($8.8 per square meter) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Turkey (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the knotted carpet market in the U.S.. 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
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
