Asia-Pacific: Carpet Market 2025

Carpet Market Size in Asia-Pacific

In 2022, the Asia-Pacific carpet market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Carpet Production in Asia-Pacific

In value terms, carpet production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of carpets and other textile floor coverings, when their volume decreased by X% to X square meters. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2021, and then fell rapidly in the following year.

In value terms, carpet exports plummeted to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

India (X square meters) and China (X square meters) were the major exporters of carpets and other textile floor coverings in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Vietnam (X square meters), constituting an X% share of total exports. Bangladesh (X square meters) and Thailand (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the largest carpet supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per square meter), while Bangladesh ($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 India (X%), while the other leaders experienced a decline in the export price figures.

Carpet Imports

Imports in Asia-Pacific

In 2022, imports of carpets and other textile floor coverings in Asia-Pacific declined modestly to X square meters, leveling off at the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports reduced slightly to $X in 2022. Over the period under review, imports saw a slight decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X square meters) and Australia (X square meters) were the major importers of carpets and other textile floor coverings in Asia-Pacific, together recording approx. X% of total imports. India (X square meters) ranks next in terms of the total imports with an X% share, followed by Malaysia (X%) and New Zealand (X%). South Korea (X square meters), Afghanistan (X square meters), Singapore (X square meters), China (X square meters), Vietnam (X square meters), Thailand (X square meters), the Philippines (X square meters) and Myanmar (X square meters) followed a long way behind the leaders.

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

In value terms, the largest carpet importing markets in Asia-Pacific were Japan ($X), Australia ($X) and India ($X), together accounting for X% of total imports. New Zealand, Malaysia, South Korea, China, Afghanistan, Vietnam, Singapore, Thailand, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2022, shrinking by X% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per square meter), while Myanmar ($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 China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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