Myanmar: Tufted Carpet Market 2025

Tufted Carpet Market Size in Myanmar

The Myanmar's tufted carpet market soared to $X in 2022, rising by 20% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +53.4% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Tufted Carpet Production in Myanmar

In value terms, tufted carpet production rose notably to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 74% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Tufted Carpet Exports

Exports from Myanmar

In 2020, overseas shipments of tufted carpets and other tufted textile floor coverings decreased by 0% to X square meters, falling for the second year in a row after two years of decline. Over the period under review, exports recorded a significant expansion. The smallest decline of 99.9% was in 2019. Over the period under review, the exports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, tufted carpet exports stood at $X in 2020. Overall, exports showed a strong expansion. The smallest decline of 99.9% was in 2019. The exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Kuwait (X square meters), the United States (X square meters) and Poland (X square meters) were the main destinations of tufted carpet exports from Myanmar.

From 2016 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

From 2016 to 2020, the average annual rate of growth in terms of value to Kuwait was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and the United States (0.0% per year).

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2020, approximately reflecting the previous year. In general, the export price faced a deep setback. The pace of growth appeared the most rapid in 2019 a decrease of 99.9% against the previous year. The export price peaked at $X per square meter in 2018; however, from 2019 to 2020, 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 Poland ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2016 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Myanmar

In 2022, tufted carpet imports into Myanmar skyrocketed to X square meters, jumping by 388% against the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tufted carpet imports surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of tufted carpet to Myanmar, accounting for a 79% share of total imports. Moreover, tufted carpet imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), fivefold. Indonesia (X square meters) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+39.1% per year) and Indonesia (+41.7% per year).

In value terms, China ($X) constituted the largest supplier of tufted carpets and other tufted textile floor coverings to Myanmar, comprising 70% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Thailand, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.7% per year) and Thailand (+28.8% per year).

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, dropping by -15.9% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 86%. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for the United Arab Emirates ($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 Thailand (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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