Bangladesh: Woven Carpet Market 2025

Woven Carpet Market Size in Bangladesh

The Bangladeshi woven carpet market amounted to $X in 2022, with an increase of 11% against the previous year. Over the period under review, consumption, however, showed a perceptible descent. Woven carpet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Woven Carpet Production in Bangladesh

In value terms, woven carpet production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Woven carpet production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Woven Carpet Exports

Exports from Bangladesh

In 2022, shipments abroad of woven carpets and other woven textile coverings decreased by -9.8% to X square meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 63%. The exports peaked at X square meters in 2021, and then dropped in the following year.

In value terms, woven carpet exports reduced to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped 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 woven carpet exports from Bangladesh, with a combined 23% share of total exports. The United States, the UK, Italy, Poland, Sweden, the Netherlands, Australia, Romania, Canada and China lagged somewhat behind, together comprising a further 30%.

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 +166.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woven carpet exported from Bangladesh were Germany ($X), France ($X) and the United States ($X), together accounting for 23% of total exports. Spain, the UK, Poland, Italy, Sweden, the Netherlands, Australia, Romania, Canada and China lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Romania, with a CAGR of +198.9%, 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 woven carpet export price amounted to $X per square meter, which is down by -5.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, the average export prices attained the peak figure 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 export 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 (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Bangladesh

After two years of growth, supplies from abroad of woven carpets and other woven textile coverings decreased by -13.6% to X square meters in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs at X square meters in 2021, and then contracted in the following year.

In value terms, woven carpet imports dropped rapidly to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 88%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest supplier of woven carpet to Bangladesh, accounting for a 75% share of total imports. Moreover, woven carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), sevenfold. The third position in this ranking was held by Malaysia (X square meters), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+13.8% per year) and Malaysia (-4.9% per year).

In value terms, Turkey ($X), Indonesia ($X) and China ($X) were the largest woven carpet suppliers to Bangladesh, together accounting for 81% of total imports.

Among the main suppliers, Turkey, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average woven carpet import price amounted to $X per square meter, declining by -11.3% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2013; however, from 2014 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 Indonesia ($X per square meter), while the price for Malaysia ($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 Indonesia (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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