Middle East: Knotted Carpet Market 2024

Knotted Carpet Market Size in the Middle East

The Middle Eastern knotted carpet market shrank to $X in 2022, with a decrease of -8.5% against the previous year. Over the period under review, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Knotted Carpet Production in the Middle East

In value terms, knotted carpet production fell notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 65% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports in the Middle East

In 2022, the amount of knotted carpets and other knotted textile floor coverings exported in the Middle East fell to X square meters, waning by -5.9% compared with the previous year. Overall, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by 72%. As a result, the exports reached the peak of X square meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, knotted carpet exports fell to $X in 2022. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 66% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X square meters) and Iran (X square meters) prevails in exports structure, together creating 90% of total exports. It was distantly followed by the United Arab Emirates (X square meters), committing a 5.2% share of total exports. Syrian Arab Republic (X square meters) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +0.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest knotted carpet supplying countries in the Middle East were Iran ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 97% share of total exports.

The United Arab Emirates, with a CAGR of +2.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, declining by -1.8% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per square meter), while Syrian Arab Republic ($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 Arab Emirates (+4.6%), while the other leaders experienced a decline in the export price figures.

Knotted Carpet Imports

Imports in the Middle East

In 2022, knotted carpet imports in the Middle East reduced slightly to X square meters, which is down by -3.2% against the previous year's figure. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports attained the peak figure at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, knotted carpet imports soared to $X in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2013 when imports increased by 27%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importer of knotted carpets and other knotted textile floor coverings in the Middle East, with the volume of imports finishing at X square meters, which was near 36% of total imports in 2022. It was distantly followed by Turkey (X square meters), Qatar (X square meters) and Jordan (X square meters), together generating a 38% share of total imports. Iraq (X square meters), Palestine (X square meters), Israel (X square meters), Kuwait (X square meters), Bahrain (X square meters), Iran (X square meters) and Lebanon (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +8.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported knotted carpets and other knotted textile floor coverings in the Middle East, comprising 50% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Qatar, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled -3.2%. In the other countries, the average annual rates were as follows: Turkey (-20.0% per year) and Qatar (+1.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2022, growing by 23% against the previous year. Overall, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2015 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per square meter), while Palestine ($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 Lebanon (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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