Kenya: Knotted Carpet Market 2024

Knotted Carpet Market Size in Kenya

The Kenyan knotted carpet market dropped to $X in 2022, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Knotted Carpet Exports

Exports from Kenya

In 2022, knotted carpet exports from Kenya skyrocketed to X square meters, surging by 22% compared with 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 316%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knotted carpet exports declined markedly to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 406% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X square meters) was the main destination for knotted carpet exports from Kenya, accounting for a 54% share of total exports. Moreover, knotted carpet exports to Tanzania exceeded the volume sent to the second major destination, Somalia (X square meters), threefold. South Sudan (X square meters) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to +39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+45.2% per year) and South Sudan (+12.0% per year).

In value terms, Rwanda ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Kenya, comprising 20% of total exports. The second position in the ranking was held by Tanzania ($X), with a 4.4% share of total exports. It was followed by Somalia, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at -22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+23.6% per year) and Somalia (+16.0% per year).

Export Prices by Country

In 2022, the average knotted carpet export price amounted to $X per square meter, shrinking by -31% against the previous year. In general, the export price showed a noticeable slump. The growth pace was the most rapid in 2013 an increase of 185% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per square meter), while the average price for exports to Tanzania ($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 Singapore (+30.4%), while the prices for the other major destinations experienced mixed trend patterns.

Knotted Carpet Imports

Imports into Kenya

In 2022, the amount of knotted carpets and other knotted textile floor coverings imported into Kenya declined to X square meters, waning by -5.2% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 555%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, knotted carpet imports rose significantly to $X in 2022. In general, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of 365% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X square meters) constituted the largest knotted carpet supplier to Kenya, with a 81% share of total imports. Moreover, knotted carpet imports from Egypt exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), more than tenfold. Turkey (X square meters) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+23.3% per year) and Turkey (+38.1% per year).

In value terms, Egypt ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Kenya, comprising 39% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by Turkey, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.8% per year) and Turkey (+47.8% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, picking up by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 76% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($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 the United States (+23.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :