Report Update Nov 1, 2024

Myanmar - Knotted Carpets and Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Knotted Carpet Market 2024

Knotted Carpet Market Size in Myanmar

The Myanmar's knotted carpet market soared to $X in 2022, picking up by 128% against the previous year. Overall, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Myanmar

In value terms, knotted carpet production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 725%. Knotted carpet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports from Myanmar

In 2022, the amount of knotted carpets and other knotted textile floor coverings exported from Myanmar shrank to X square meters, almost unchanged from the previous year's figure. Over the period under review, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 139% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, knotted carpet exports soared to $X in 2022. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 274% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X square meters) was the main destination for knotted carpet exports from Myanmar, with a approx. 100% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled -63.0%.

From 2019 to 2022, the average annual rate of growth in terms of value to Indonesia stood at -64.9%.

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, rising by 88% against the previous year. In general, the export price, however, saw a deep slump. The export price peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2019 to 2022, the rate of growth in terms of prices for Indonesia amounted to -4.9% per year.

Knotted Carpet Imports

Imports into Myanmar

After three years of decline, supplies from abroad of knotted carpets and other knotted textile floor coverings increased by 218% to X square meters in 2022. Overall, imports showed a measured expansion. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, knotted carpet imports surged to $X in 2022. In general, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 212% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X square meters), Vietnam (X square meters) and Taiwan (Chinese) (X square meters) were the main suppliers of knotted carpet imports to Myanmar, together accounting for 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest knotted carpet suppliers to Myanmar were China ($X), Vietnam ($X) and Taiwan (Chinese) ($X), with a combined 98% share of total imports.

Vietnam, with a CAGR of +76.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, declining by -30.1% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per square meter), while the price for Thailand ($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 South Korea (+46.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for knotted carpets and other knotted textile floor coverings in the world?

Egypt constituted the country with the largest volume of knotted carpet consumption, comprising approx. 44% of total volume. Moreover, knotted carpet consumption in Egypt exceeded the figures recorded by the second-largest consumer, China, fourfold. Turkey ranked third in terms of total consumption with a 9.9% share.

What are the largest producers of knotted carpets and other knotted textile floor coverings in the world?

The country with the largest volume of knotted carpet production was Egypt, comprising approx. 46% of total volume. Moreover, knotted carpet production in Egypt exceeded the figures recorded by the second-largest producer, China, fourfold. Turkey ranked third in terms of total production with a 10% share.

What are the leading suppliers of knotted carpets and other knotted textile floor coverings to Myanmar?

In value terms, China constituted the largest supplier of knotted carpet to Myanmar, comprising 57% of total imports. The second position in the ranking was occupied by South Korea, with a 14% share of total imports. It was followed by Italy, with a 14% share.

What is the average export price for knotted carpets and other knotted textile floor coverings in Myanmar?

The average knotted carpet export price stood at $480,500 per ton in 2020, approximately equating the previous year.

What is the average import price for knotted carpets and other knotted textile floor coverings in Myanmar?

In 2020, the average knotted carpet import price amounted to $818 per ton, shrinking by -74.5% against the previous year.

This report provides an in-depth analysis of the knotted carpet market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13931100 - Knotted carpets and other knotted textile floor coverings

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023