Nepal: Carpet Market 2025

Carpet Market Size in Nepal

In 2022, the Nepalese carpet market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, posted a measured expansion. Carpet consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Carpet Production in Nepal

In value terms, carpet production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. Carpet production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Carpet Exports

Exports from Nepal

In 2022, overseas shipments of carpets and other textile floor coverings increased by X% to X square meters, rising for the second consecutive year after seven years of decline. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, carpet exports surged to $X in 2022. The total export value 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

India (X square meters) was the main destination for carpet exports from Nepal, with a X% share of total exports. Moreover, carpet exports to India exceeded the volume sent to the second major destination, the United States (X square meters), twofold. The third position in this ranking was held by China (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Nepal, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, falling by X% against the previous year. Over the period under review, the export price, however, showed tangible growth. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per square meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to India ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet Imports

Imports into Nepal

In 2022, overseas purchases of carpets and other textile floor coverings increased by X% to X square meters, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated mild growth 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carpet imports reached $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of carpet to Nepal, accounting for a X% share of total imports. Moreover, carpet imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), twofold. China (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, the largest carpet suppliers to Nepal were India ($X), Belgium ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 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 Pakistan ($X per square meter), while the price for India ($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 Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform