Iran: Knotted Carpet Market 2024

Knotted Carpet Market Size in Iran

The Iranian knotted carpet market contracted to $X in 2022, reducing by -3.7% against the previous year. Overall, consumption showed a noticeable downturn. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Knotted Carpet Production in Iran

In value terms, knotted carpet production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 47%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Knotted Carpet Exports

Exports from Iran

In 2022, overseas shipments of knotted carpets and other knotted textile floor coverings increased by 2.7% to X square meters, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 119% against the previous year. As a result, the exports reached the peak of X square meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, knotted carpet exports contracted to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 120% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X square meters), Japan (X square meters) and the UK (X square meters) were the main destinations of knotted carpet exports from Iran, together accounting for 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -0.4%), while the other leaders experienced a decline.

In value terms, the largest markets for knotted carpet exported from Iran were Germany ($X), Japan ($X) and Switzerland ($X), together comprising 53% of total exports. Denmark, the UK, Australia, Italy, France, Canada, Sweden, Azerbaijan and South Africa lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, the UK, with a CAGR of -0.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, with a decrease of -16.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2016; however, from 2017 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 France ($X per square meter), while the average price for exports to South Africa ($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 Azerbaijan (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into Iran

In 2022, overseas purchases of knotted carpets and other knotted textile floor coverings increased by 15% to X square meters for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 62%. As a result, imports attained the peak of X square meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, knotted carpet imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 86% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X square meters) constituted the largest knotted carpet supplier to Iran, with a 41% share of total imports. Moreover, knotted carpet imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), fivefold. The third position in this ranking was taken by China (X square meters), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-27.0% per year) and China (-0.7% per year).

In value terms, Germany ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Iran, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.8% share of total imports. It was followed by China, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.1% per year) and China (+4.9% per year).

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, picking up by 26% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per square meter in 2016; however, from 2017 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 Italy ($X per square meter), while the price for Turkey ($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 China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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