Latin America and the Caribbean: Carpet Market 2024

Carpet Market Size in Latin America and the Caribbean

The Latin American carpet market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a slight increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Carpet Production in Latin America and the Caribbean

In value terms, carpet production shrank modestly to $X in 2022 estimated in export price. In general, production, however, showed a slight descent. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Carpet Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of carpets and other textile floor coverings was finally on the rise to reach X square meters after two years of decline. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, carpet exports surged to $X in 2022. Overall, exports recorded prominent growth. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the largest exporter of carpets and other textile floor coverings in Latin America and the Caribbean, with the volume of exports finishing at X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Chile (X square meters), generating an X% share of total exports. The following exporters - Brazil (X square meters) and Panama (X square meters) - each reached a X% share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Panama (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Panama saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest carpet supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, carpet exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per square meter) and Brazil ($X per square meter), while Chile ($X per square meter) and Panama ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Carpet Imports

Imports in Latin America and the Caribbean

Carpet imports fell remarkably to X square meters in 2022, declining by X% against the previous year's figure. The total import volume 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 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters, and then declined notably in the following year.

In value terms, carpet imports fell notably to $X in 2022. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X square meters) and Mexico (X square meters) represented roughly X% of total imports in 2022. Brazil (X square meters) took the next position in the ranking, distantly followed by Peru (X square meters) and Colombia (X square meters). All these countries together took approx. X% share of total imports. The following importers - Argentina (X square meters) and Bolivia (X square meters) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per square meter), while Bolivia ($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 Mexico (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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