Italy: Carpet Market 2024

Carpet Market Size in Italy

In 2022, the Italian carpet market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw a noticeable decline. Carpet consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Carpet Production in Italy

In value terms, carpet production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports from Italy

In 2022, approx. X square meters of carpets and other textile floor coverings were exported from Italy; with a decrease of X% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, carpet exports expanded remarkably to $X in 2022. The total export 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. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X square meters), Germany (X square meters) and Spain (X square meters) were the main destinations of carpet exports from Italy, together comprising X% of total exports. Mexico, the UK, Slovakia, Belgium, the United States, Russia, Sweden, the Czech Republic, Greece and Israel lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), the United States ($X) and Germany ($X) constituted the largest markets for carpet exported from Italy worldwide, together accounting for X% of total exports. Spain, the UK, Mexico, Belgium, Sweden, Slovakia, Israel, the Czech Republic, Greece and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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

Carpet Imports

Imports into Italy

Carpet imports into Italy totaled X square meters in 2022, with an increase of X% on the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, carpet imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of carpet imports to Italy, with a combined X% share of total imports.

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

In value terms, India ($X), China ($X) and Turkey ($X) were the largest carpet suppliers to Italy, together comprising X% of total imports. The Netherlands, Belgium, Spain, Germany and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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 average carpet import price amounted to $X per square meter, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2021, and then fell in the following year.

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 ($X per square meter), while the price for Egypt ($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 Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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