Bangladesh: Carpet Market 2025

Carpet Market Size in Bangladesh

The Bangladeshi carpet market expanded remarkably to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a noticeable curtailment. Carpet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Carpet Production in Bangladesh

In value terms, carpet production expanded slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Carpet production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carpet Exports

Exports from Bangladesh

In 2022, shipments abroad of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X square meters in 2021, and then contracted in the following year.

In value terms, carpet exports shrank to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X square meters), France (X square meters) and Spain (X square meters) were the main destinations of carpet exports from Bangladesh, with a combined X% share of total exports. The United States, the UK, Italy, Poland, Sweden, the Netherlands, Australia, Romania, Canada and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the United States ($X) and France ($X) constituted the largest markets for carpet exported from Bangladesh worldwide, together comprising X% of total exports. Spain, the UK, Poland, Italy, Sweden, the Netherlands, Australia, Romania, Canada and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Romania, with a CAGR of X%, saw 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.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Italy ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Bangladesh

In 2022, overseas purchases of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X square meters, and then fell in the following year.

In value terms, carpet imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of carpet to Bangladesh, accounting for a X% share of total imports. Moreover, carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), more than tenfold. China (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carpets and other textile floor coverings to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, which is down by X% against the previous year. Overall, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per square meter), while the price for Malaysia ($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 Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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