Canada: Tufted Carpet Market 2024

Tufted Carpet Market Size in Canada

In 2022, the Canadian tufted carpet market increased by 0.8% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 5.3%. Tufted carpet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Tufted Carpet Production in Canada

In value terms, tufted carpet production soared to $X in 2022 estimated in export price. Overall, production, however, faced a deep contraction. Tufted carpet production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tufted Carpet Exports

Exports from Canada

After seven years of decline, overseas shipments of tufted carpets and other tufted textile floor coverings increased by 2.8% to X square meters in 2022. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 6.9% against the previous year. The exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tufted carpet exports fell modestly to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 7.3% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for tufted carpet exports from Canada, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -7.8%.

In value terms, the United States ($X) also remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -9.3%.

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, reducing by -3.3% against the previous year. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 10%. Over the period under review, the average export prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.6% per year.

Tufted Carpet Imports

Imports into Canada

In 2022, the amount of tufted carpets and other tufted textile floor coverings imported into Canada fell slightly to X square meters, dropping by -4.1% against the previous year's figure. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, tufted carpet imports contracted slightly to $X in 2022. Overall, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 7.3%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X square meters) constituted the largest tufted carpet supplier to Canada, accounting for a 65% share of total imports. Moreover, tufted carpet imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), fourfold. The third position in this ranking was held by India (X square meters), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.5% per year) and India (+4.2% per year).

In value terms, the United States ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Canada, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports. It was followed by India, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and India (+4.1% per year).

Import Prices by Country

In 2022, the average tufted carpet import price amounted to $X per square meter, with an increase of 1.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 5.9% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Turkey ($X per square meter), while the price for China ($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 Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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