Tufted Carpet Prices in the United States

U.S. Tufted Carpet Import Price in August 2022

In August 2022, the tufted carpet price amounted to $10 per square meter (CIF, US), dropping by -11.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 an increase of 29% m-o-m. The import price peaked at $12 per square meter in March 2022; however, from April 2022 to August 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($21 per square meter), while the price for Turkey ($4.6 per square meter) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Tufted 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; tufted, of wool or fine animal hair, whether or not made up ($19 per square meter), while the price for carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up stood at $6.8 per square meter.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up (+1.1%), while the prices for the other product experienced more modest paces of growth.

U.S. Tufted Carpet Imports

In August 2022, tufted carpet imports into the United States shrank to 2.5M square meters, with a decrease of -6% against the previous month. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 with an increase of 37% month-to-month. As a result, imports attained the peak of 3.5M square meters. From June 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tufted carpet imports fell significantly to $26M (IndexBox estimates) in August 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2022 when imports increased by 9.5% against the previous month. Over the period under review, imports reached the maximum at 31M square meters in July 2022, and then plummeted in the following month.

U.S. Tufted Carpet Imports by Type

In August 2022, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up (1.8M square meters) constituted the largest type of tufted carpet supplied to the United States, accounting for a 71% share of total imports. Moreover, carpets and other textile floor coverings; tufted, of textile materials (other than man-made, 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; tufted, of wool or fine animal hair, whether or not made up (740K square meters), twofold.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up was relatively modest.

In value terms, carpets and other textile floor coverings; tufted, of wool or fine animal hair, whether or not made up ($14M) and carpets and other textile floor coverings; tufted, of textile materials (other than man-made, wool or fine animal hair), whether or not made up ($12M) constituted the most imported types of tufted carpets and other tufted textile floor coverings in the United States.

U.S. Tufted Carpet Imports by Country

In August 2022, India (1.6M square meters) constituted the largest supplier of tufted carpet to the United States, with a 61% share of total imports. Moreover, tufted carpet imports from India exceeded the figures recorded by the second-largest supplier, Turkey (541K square meters), threefold. The third position in this ranking was held by China (244K square meters), with a 9.6% share.

From January 2022 to August 2022, the average monthly growth rate of volume from India totaled -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (+11.1% per month) and China (+1.2% per month).

In value terms, India ($16M) constituted the largest supplier of tufted carpet to the United States, comprising 61% of total imports. The second position in the ranking was held by China ($3.1M), with a 12% share of total imports. It was followed by Turkey, with a 9.6% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from India stood at -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+5.7% per month) and Turkey (+6.7% per month).

Source: IndexBox Market Intelligence Platform