Greece: Knotted Carpet Market 2025

Knotted Carpet Market Size in Greece

The Greek knotted carpet market rose rapidly to $X in 2022, increasing by 6% against the previous year. In general, consumption, however, recorded a mild contraction. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Knotted Carpet Production in Greece

In value terms, knotted carpet production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Knotted Carpet Exports

Exports from Greece

In 2022, approx. X square meters of knotted carpets and other knotted textile floor coverings were exported from Greece; declining by -22.6% against the year before. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 297% against the previous year. As a result, the exports attained the peak of X square meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knotted carpet exports declined significantly to $X in 2022. Over the period under review, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 302% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X square meters) was the main destination for knotted carpet exports from Greece, with a 80% share of total exports. Moreover, knotted carpet exports to Cyprus exceeded the volume sent to the second major destination, Malta (X square meters), eightfold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+129.5% per year) and the United Arab Emirates (+58.5% per year).

In value terms, Cyprus ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from Greece, comprising 80% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 7.3% share of total exports. It was followed by Malta, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+40.4% per year) and Malta (+59.0% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, declining by -16.5% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 146% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per square meter), while the average price for exports to the United Arab Emirates ($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 Germany (+2.3%), while the prices for the other major destinations experienced a decline.

Knotted Carpet Imports

Imports into Greece

In 2022, supplies from abroad of knotted carpets and other knotted textile floor coverings increased by 6.8% to X square meters, rising for the third year in a row after two years of decline. Over the period under review, imports saw a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of 131% against the previous year. As a result, imports reached the peak of X square meters. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knotted carpet imports shrank to $X in 2022. Overall, imports, however, saw a deep contraction. The growth pace was the most rapid in 2017 with an increase of 135% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X square meters) constituted the largest knotted carpet supplier to Greece, accounting for a 48% share of total imports. Moreover, knotted carpet imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X square meters), twofold. The third position in this ranking was held by Iran (X square meters), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.2% per year) and Iran (+1.6% per year).

In value terms, India ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Greece, comprising 37% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by Pakistan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.2% per year) and Pakistan (-9.8% per year).

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, reducing by -15.1% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 23%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Germany ($X per square meter), while the price for Turkey ($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 India (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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