Ireland: Woven Carpet Market 2024

Woven Carpet Market Size in Ireland

In 2022, the Irish woven carpet market increased by 9% to $X, rising for the fifth consecutive year after three years of decline. Overall, consumption recorded a prominent expansion. Woven carpet consumption peaked in 2022 and is likely to continue growth in the immediate term.

Woven Carpet Exports

Exports from Ireland

In 2022, woven carpet exports from Ireland surged to X square meters, picking up by 40% against the previous year's figure. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 274% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, woven carpet exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a modest expansion. The growth pace was the most rapid in 2016 when exports increased by 359%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X square meters) was the main destination for woven carpet exports from Ireland, with a 39% share of total exports. Moreover, woven carpet exports to the UK exceeded the volume sent to the second major destination, the United States (X square meters), threefold. The third position in this ranking was taken by Marshall Islands (X square meters), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.8% per year) and Marshall Islands (0.0% per year).

In value terms, the United States ($X), the UK ($X) and Marshall Islands ($X) appeared to be the largest markets for woven carpet exported from Ireland worldwide, together accounting for 57% of total exports. Vietnam, Brazil, Mexico, Singapore, India, Qatar, Germany, Spain, Switzerland and the Netherlands lagged somewhat behind, together comprising a further 23%.

India, with a CAGR of +114.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, falling by -41.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 105% against the previous year. As a result, the export price reached the peak level of $X per square meter, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Spain ($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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Ireland

In 2022, supplies from abroad of woven carpets and other woven textile coverings decreased by 0% to X square meters, falling for the second consecutive year after three years of growth. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 87%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, woven carpet imports stood at $X in 2022. Over the period under review, imports showed noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 62%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X square meters), India (X square meters) and Germany (X square meters) were the main suppliers of woven carpet imports to Ireland, together accounting for 63% of total imports. China, Pakistan, the UK, Belgium and Egypt lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +148.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), India ($X) and the UK ($X) were the largest woven carpet suppliers to Ireland, together comprising 68% of total imports. China, Belgium, Germany, Egypt and Pakistan lagged somewhat behind, together comprising a further 24%.

Pakistan, with a CAGR of +108.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 22%. Over the period under review, average import prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($X per square meter), while the price for Pakistan ($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 Belgium (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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