Jordan: Knotted Carpet Market 2024

Knotted Carpet Market Size in Jordan

The Jordanian knotted carpet market soared to $X in 2022, increasing by 25% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.2% against 2018 indices. Knotted carpet consumption peaked in 2022 and is likely to see steady growth in years to come.

Knotted Carpet Production in Jordan

In value terms, knotted carpet production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Knotted Carpet Exports

Exports from Jordan

In 2022, shipments abroad of knotted carpets and other knotted textile floor coverings decreased by -45.4% to X square meters, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 3,367%. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 12,232%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X square meters), Libya (X square meters) and Ethiopia (X square meters) were the main destinations of knotted carpet exports from Jordan, with a combined 54% share of total exports.

From 2013 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +148.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for knotted carpet exported from Jordan were Libya ($X), Tanzania ($X) and Qatar ($X), together comprising 61% of total exports.

Libya, with a CAGR of +265.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average knotted carpet export price stood at $X per square meter in 2022, rising by 56% against the previous year. Over the period under review, the export price showed significant growth. The pace of growth appeared the most rapid in 2018 an increase of 916% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per square meter), while the average price for exports to Ethiopia ($X per square meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into Jordan

In 2022, supplies from abroad of knotted carpets and other knotted textile floor coverings increased by 679% to X square meters, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, knotted carpet imports skyrocketed to $X in 2022. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 120%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest knotted carpet supplier to Jordan, accounting for a 80% share of total imports. Moreover, knotted carpet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), sevenfold. The third position in this ranking was taken by Iran (X square meters), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+69.0% per year) and Iran (+18.8% per year).

In value terms, Iran ($X), China ($X) and Turkey ($X) constituted the largest knotted carpet suppliers to Jordan, with a combined 69% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +39.6%, 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 knotted carpet import price amounted to $X per square meter, falling by -84% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 275%. The import price peaked at $X per square meter in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iraq ($X per square meter), while the price for China ($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 Iran (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform