Africa: Knotted Carpet Market 2024

Knotted Carpet Market Size in Africa

The African knotted carpet market surged to $X in 2022, with an increase of 43% against the previous year. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.6% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Knotted Carpet Production in Africa

In value terms, knotted carpet production totaled $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Knotted Carpet Exports

Exports in Africa

In 2022, the amount of knotted carpets and other knotted textile floor coverings exported in Africa shrank rapidly to X square meters, with a decrease of -40.8% on the year before. Over the period under review, exports faced a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knotted carpet exports declined significantly to $X in 2022. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Egypt (X square meters) was the major exporter of knotted carpets and other knotted textile floor coverings in Africa, generating 99% of total export.

Egypt was also the fastest-growing in terms of the knotted carpets and other knotted textile floor coverings exports, with a CAGR of -12.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) also remains the largest knotted carpet supplier in Africa.

In Egypt, knotted carpet exports shrank by an average annual rate of -13.3% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per square meter in 2022, which is down by -7.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 22% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -1.4% per year.

Knotted Carpet Imports

Imports in Africa

In 2022, approx. X square meters of knotted carpets and other knotted textile floor coverings were imported in Africa; waning by -41.4% compared with the previous year. In general, imports recorded a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 50%. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 8.6% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Libya (X square meters), South Africa (X square meters), Kenya (X square meters), Egypt (X square meters), Algeria (X square meters), Ethiopia (X square meters) and Lesotho (X square meters) was the largest importer of knotted carpets and other knotted textile floor coverings in Africa, creating 69% of total import. Tanzania (X square meters), Zambia (X square meters), Botswana (X square meters), Senegal (X square meters), Mauritius (X square meters) and Malawi (X square meters) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lesotho (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), South Africa ($X) and Libya ($X) were the countries with the highest levels of imports in 2022, with a combined 48% share of total imports.

Ethiopia, with a CAGR of +0.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per square meter, picking up by 12% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knotted carpet import price increased by +124.7% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 100%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ethiopia ($X per square meter), while Lesotho ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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