Azerbaijan: Knotted Carpet Market 2025

Knotted Carpet Market Size in Azerbaijan

The Azerbaijani knotted carpet market contracted sharply to $X in 2022, which is down by -18.1% against the previous year. In general, consumption showed a sharp setback. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Azerbaijan

In value terms, knotted carpet production declined to $X in 2022 estimated in export price. In general, production showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 9.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Knotted Carpet Exports

Exports from Azerbaijan

In 2022, overseas shipments of knotted carpets and other knotted textile floor coverings decreased by -43.1% to X square meters, falling for the third consecutive year after three years of growth. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 60%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports soared to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 147% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X square meters) was the main destination for knotted carpet exports from Azerbaijan, accounting for a 27% share of total exports. Moreover, knotted carpet exports to Qatar exceeded the volume sent to the second major destination, Austria (X square meters), threefold. The third position in this ranking was held by the United States (X square meters), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+19.6% per year) and the United States (+19.6% per year).

In value terms, Qatar ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Azerbaijan, comprising 45% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+33.9% per year) and Switzerland (-23.0% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, picking up by 246% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+121.0%), while the prices for the other major destinations experienced mixed trend patterns.

Knotted Carpet Imports

Imports into Azerbaijan

Knotted carpet imports into Azerbaijan dropped to X square meters in 2022, with a decrease of -4.8% compared with 2021. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports fell remarkably to $X in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 206%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Iran (X square meters), Turkey (X square meters) and China (X square meters) were the main suppliers of knotted carpet imports to Azerbaijan, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +60.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Iran ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Azerbaijan, comprising 81% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.3% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Iran totaled -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.1% per year) and China (+51.7% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, waning by -28.6% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The growth pace was the most rapid in 2016 an increase of 288%. The import price peaked at $X per square meter in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for Turkey ($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 Iran (+25.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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