Eastern Europe: Carpet Market 2024

Carpet Market Size in Eastern Europe

In 2022, after two years of growth, there was significant decline in the East European carpet market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period 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, and then reduced in the following year.

Carpet Production in Eastern Europe

In value terms, carpet production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Carpet Exports

Exports in Eastern Europe

In 2022, the amount of carpets and other textile floor coverings exported in Eastern Europe reduced to X square meters, waning by X% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, carpet exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The shipments of the three major exporters of carpets and other textile floor coverings, namely Poland, the Czech Republic and Belarus, represented more than two-thirds of total export. Bulgaria (X square meters) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%), Ukraine (X%) and Hungary (X%).

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest carpet supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Belarus, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per square meter, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per square meter), while Russia ($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 Poland (X%), while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports in Eastern Europe

Carpet imports fell to X square meters in 2022, dropping by X% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports shrank to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared 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 contracted in the following year.

Imports by Country

In 2022, Russia (X square meters) and Poland (X square meters) were the largest importers of carpets and other textile floor coverings in Eastern Europe, together generating X% of total imports. The Czech Republic (X square meters) held the next position in the ranking, followed by Romania (X square meters), Hungary (X square meters) and Bulgaria (X square meters). All these countries together took near X% share of total imports. Slovakia (X square meters) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined X% share of total imports. Romania, Hungary, Bulgaria and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per square meter, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per square meter), while Russia ($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 Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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