Cyprus: Carpet Market 2020

Carpet Market Size in Cyprus

The revenue of the carpet market in Cyprus amounted to $X in 2018, picking up by X% 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, carpet consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Over the period under review, the carpet market attained its maximum level at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Carpet Exports

Exports from Cyprus

In 2018, approx. X tons of carpets and other textile floor coverings were exported from Cyprus; going down by -X% against the previous year. Over the period under review, carpet exports continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Cyprus exports peaked at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, carpet exports stood at $X in 2018. In general, carpet exports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Cyprus exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Turkey (X tons), distantly followed by China (X tons), Belgium (X tons), the Netherlands (X tons), India (X tons) and the U.S. (X tons) were the main exporters of carpets and other textile floor coverings, together comprising X% of total exports. The following exporters - Germany (X tons) and the UK (X tons) - each finished at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Turkey experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the carpet export price in Cyprus amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price indicated buoyant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet export price decreased by -X% against 2009 indices. The most prominent rate of growth was recorded in 2009 when the export price increased by X% against the previous year. In that year, the export prices for carpets and other textile floor coverings reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the export prices for carpets and other textile floor coverings failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports into Cyprus

Carpet imports into Cyprus totaled X tons in 2018, shrinking by -X% against the previous year. Overall, carpet imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. In that year, carpet imports reached their peak of X tons. From 2011 to 2018, the growth of carpet imports remained at a lower figure.

In value terms, carpet imports amounted to $X in 2018. Overall, carpet imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Cyprus imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by the UK (X tons), Germany (X tons), Canada (X tons) and Saudi Arabia (X tons) represented the key importers of carpets and other textile floor coverings, together making up X% of total imports. The Netherlands (X tons), Belgium (X tons), Iraq (X tons), France (X tons), Australia (X tons), Japan (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported carpets and other textile floor coverings into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., carpet imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Germany (-X% per year).

Import Prices by Country

The carpet import price in Cyprus stood at $X per ton in 2018, jumping by X% against the previous year. Over the period under review, the carpet import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform