India: Knotted Carpet Market 2025

Knotted Carpet Market Size in India

The Indian knotted carpet market rose modestly to $X in 2022, increasing by 2.6% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Production in India

In value terms, knotted carpet production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period 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 2013 with an increase of 33%. Knotted carpet production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports from India

In 2022, overseas shipments of knotted carpets and other knotted textile floor coverings increased by 4.6% to X square meters, rising for the fourth year in a row after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, knotted carpet exports expanded rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight setback. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X square meters) was the main destination for knotted carpet exports from India, with a 71% share of total exports. Moreover, knotted carpet exports to the United States exceeded the volume sent to the second major destination, Germany (X square meters), more than tenfold. The third position in this ranking was held by Australia (X square meters), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.7% per year) and Australia (+9.8% per year).

In value terms, the United States ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from India, comprising 71% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.3% share of total exports. It was followed by Australia, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.2% per year) and Australia (+4.0% per year).

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, with an increase of 2.5% against the previous year. In general, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2014 an increase of 8.5%. Over the period under review, the average export prices reached the maximum 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 destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Turkey ($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 the United States (+0.1%), while the prices for the other major destinations experienced a decline.

Knotted Carpet Imports

Imports into India

In 2022, the amount of knotted carpets and other knotted textile floor coverings imported into India surged to X square meters, picking up by 242% compared with the previous year. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 248% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, knotted carpet imports surged to $X in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X square meters) constituted the largest supplier of knotted carpet to India, accounting for a 81% share of total imports. Moreover, knotted carpet imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X square meters), sevenfold. The third position in this ranking was held by Turkey (X square meters), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +43.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.5% per year) and Turkey (+12.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to India, comprising 91% of total imports. The second position in the ranking was held by the United States ($X), with a 2.3% share of total imports. It was followed by Germany, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.2% per year) and Germany (+33.0% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, picking up by 22% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 when the average import price increased by 157% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while the price for the United States ($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 Indonesia (+40.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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