Woven Carpet Prices in China

China Woven Carpet Export Price in September 2022

In September 2022, the woven carpet price amounted to $6.1 per square meter (FOB, China), picking up by 1.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 12% against the previous month. As a result, the export price attained the peak level of $6.8 per square meter. From March 2022 to September 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was the Philippines ($9.9 per square meter), while the average price for exports to Kazakhstan ($1.3 per square meter) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

China Woven Carpet Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs ($54.2 per square meter), while the average price for exports of 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, not made up, n.e.s. in item no. 5702.10 or 5702.20 ($3.0 per square meter) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, of coconut fibres (coir) (+25.1%), while the prices for the other products experienced more modest paces of growth.

China Woven Carpet Exports

In September 2022, the amount of woven carpets and other woven textile coverings exported from China expanded rapidly to 8.7M square meters, surging by 10% against the previous month's figure. Overall, total exports indicated moderate growth from January 2022 to September 2022: its volume increased at an average monthly rate of +2.7% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +29.4% against June 2022 indices. The most prominent rate of growth was recorded in March 2022 when exports increased by 46% against the previous month. Over the period under review, the exports attained the peak figure in September 2022.

In value terms, woven carpet exports expanded rapidly to $53M (IndexBox estimates) in September 2022. The total export value increased at an average monthly rate of +2.7% over the period from January 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when exports increased by 36% m-o-m. The exports peaked in September 2022.

China Woven Carpet 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 (4.7M square meters), 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 (3.1M square meters) and carpets and other textile floor coverings; woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 (496K square meters) were the main products of woven carpet exports from China, together comprising 95% of total exports. Carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20, 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, carpets and other textile floor coverings; woven, (not tufted or flocked), of man-made textile materials, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20, carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, of coconut fibres (coir), 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, not made up, n.e.s. in item no. 5702.10 or 5702.20 and carpets and other textile floor coverings; woven, (not tufted or flocked), whether or not made up, including "kelem", "schumacks", "karamanie" and similar hand-woven rugs lagged somewhat behind, together accounting for a further 5.2%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 (with a CAGR of +33.5%), while the other products experienced more modest paces of growth.

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 ($28M) remains the largest type of woven carpet exported from China, comprising 53% 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 ($14M), with a 26% share of total exports. It was followed by carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20, with a 9.8% share.

From January 2022 to September 2022, the average monthly growth rate of the export 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 amounted to +3.7%. With regard to the other exported products, the following average monthly 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 (+3.3% per month) and carpets and other textile floor coverings; woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, made up, n.e.s. in item no. 5702.10 or 5702.20 (-0.8% per month).

China Woven Carpet Exports by Country

Japan (1.8M square meters), the United States (1.7M square meters) and Chile (755K square meters) were the main destinations of woven carpet exports from China, together comprising 49% of total exports. Malaysia, Saudi Arabia, Vietnam, Australia, Iraq, the Philippines, Kazakhstan, Germany, Mexico and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woven carpet exported from China were the United States ($14M), Japan ($7.7M) and Australia ($2.1M), together comprising 46% of total exports. These countries were followed by the Philippines, Iraq, Malaysia, Germany, Chile, Saudi Arabia, the Netherlands, Mexico, Vietnam and Kazakhstan, which together accounted for a further 24%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform