Eastern Asia: Carpet Market 2025

Carpet Market Size in Eastern Asia

The East Asian carpet market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Carpet Production in Eastern Asia

In value terms, carpet production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Carpet Exports

Exports in Eastern Asia

In 2022, overseas shipments 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. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2021, and then declined notably in the following year.

In value terms, carpet exports dropped significantly to $X in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

China prevails in exports structure, reaching X square meters, which was near X% of total exports in 2022. The following exporters - Japan (X square meters) and South Korea (X square meters) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to carpet exports from China stood at X%. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carpet supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2022, growing by X% against the previous year. In general, the export price, however, showed a mild decline. Over the period under review, the export prices hit record highs at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China ($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 South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Carpet Imports

Imports in Eastern Asia

In 2022, imports of carpets and other textile floor coverings in Eastern Asia fell to X square meters, shrinking by X% against the previous year's figure. Over the period under review, imports showed a mild shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports shrank to $X in 2022. Overall, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the main importing country with an import of around X square meters, which accounted for X% of total imports. South Korea (X square meters) ranks second in terms of the total imports with a X% share, followed by China (X%) and Taiwan (Chinese) (X%). Hong Kong SAR (X square meters) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of carpets and other textile floor coverings. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and Japan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported carpets and other textile floor coverings in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per square meter, almost unchanged from the previous year. Over the period under review, the import price recorded a slight descent. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($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 China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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