Nepal: Woven Carpet Market 2025

Woven Carpet Market Size in Nepal

The Nepalese woven carpet market declined to $X in 2022, shrinking by -3% against the previous year. Overall, consumption saw a moderate increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Woven Carpet Production in Nepal

In value terms, woven carpet production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a notable expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 63% against the previous year. Woven carpet production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Woven Carpet Exports

Exports from Nepal

In 2022, overseas shipments of woven carpets and other woven textile coverings decreased by -1.5% to X square meters for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 40%. The exports peaked at X square meters in 2021, and then reduced modestly in the following year.

In value terms, woven carpet exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X square meters) was the main destination for woven carpet exports from Nepal, accounting for a 47% share of total exports. Moreover, woven carpet exports to India exceeded the volume sent to the second major destination, the United States (X square meters), twofold. Canada (X square meters) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at +76.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and Canada (+16.4% per year).

In value terms, the United States ($X) remains the key foreign market for woven carpets and other woven textile coverings exports from Nepal, comprising 52% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Canada, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+83.2% per year) and Canada (+9.7% per year).

Export Prices by Country

The average woven carpet export price stood at $X per square meter in 2022, which is down by -7.4% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2015 when the average export price increased by 23%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Lebanon ($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 (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Woven Carpet Imports

Imports into Nepal

In 2022, the amount of woven carpets and other woven textile coverings imported into Nepal skyrocketed to X square meters, growing by 55% on the year before. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 109% against the previous year. As a result, imports reached the peak of X square meters. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, woven carpet imports soared to $X in 2022. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X square meters), Turkey (X square meters) and China (X square meters) were the main suppliers of woven carpet imports to Nepal, together comprising 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -1.2%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Turkey ($X) and India ($X) appeared to be the largest woven carpet suppliers to Nepal, with a combined 71% share of total imports. Indonesia, Belgium and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Belgium, with a CAGR of -3.1%, 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 a decline.

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, with an increase of 7.4% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 18% 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 remained at a somewhat 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 Belgium ($X per square meter), while the price for India ($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 Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform