Bahrain: Knotted Carpet Market 2025

Knotted Carpet Market Size in Bahrain

The Bahraini knotted carpet market shrank significantly to $X in 2022, falling by -36.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Knotted carpet consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Knotted Carpet Exports

Exports from Bahrain

In 2022, overseas shipments of knotted carpets and other knotted textile floor coverings increased by 256% to X square meters, rising for the second year in a row after two years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 109,405% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, knotted carpet exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 214,347%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X square meters) was the main destination for knotted carpet exports from Bahrain, accounting for a 72% share of total exports. Moreover, knotted carpet exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X square meters), threefold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +71.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-11.7% per year) and the United Arab Emirates (+56.8% per year).

In value terms, Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X) constituted the largest markets for knotted carpet exported from Bahrain worldwide, with a combined 98% share of total exports.

The United Arab Emirates, with a CAGR of +63.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, reducing by -13.9% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 4,152%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per square meter), while the average price for exports to Saudi Arabia ($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 Oman (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.

Knotted Carpet Imports

Imports into Bahrain

In 2022, imports of knotted carpets and other knotted textile floor coverings into Bahrain fell sharply to X square meters, which is down by -40.1% on the previous year's figure. Over the period under review, imports recorded a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 91%. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, knotted carpet imports fell sharply to $X in 2022. Overall, imports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

India (X square meters), Pakistan (X square meters) and China (X square meters) were the main suppliers of knotted carpet imports to Bahrain, with a combined 75% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest knotted carpet suppliers to Bahrain were Pakistan ($X), India ($X) and China ($X), with a combined 69% share of total imports. Iran, Turkey, Greece, Italy, the United Arab Emirates and Kuwait lagged somewhat behind, together accounting for a further 19%.

Greece, with a CAGR of +37.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, surging by 24% against the previous year. Overall, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by 173% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($X per square meter), while the price for Greece ($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 Jordan (+1,123.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform