New Zealand: Carpet Market 2024

Carpet Market Size in New Zealand

The New Zealand carpet market declined rapidly to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated moderate growth 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Carpet Production in New Zealand

In value terms, carpet production shrank significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Carpet Exports

Exports from New Zealand

For the sixth year in a row, New Zealand recorded decline in overseas shipments of carpets and other textile floor coverings, which decreased by X% to X square meters in 2022. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, carpet exports expanded to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X square meters) was the main destination for carpet exports from New Zealand, accounting for a X% share of total exports. Moreover, carpet exports to Australia exceeded the volume sent to the second major destination, the United States (X square meters), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to X%.

In value terms, Australia ($X) remains the key foreign market for carpets and other textile floor coverings exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled X%.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, growing by X% against the previous year. Overall, the export price, however, recorded a slight decline. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while the average price for exports to the United States stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%).

Carpet Imports

Imports into New Zealand

In 2022, supplies from abroad of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion 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 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters, and then declined in the following year.

In value terms, carpet imports reduced sharply to $X in 2022. The total import 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 in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

China (X square meters), Australia (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of carpet imports to New Zealand, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and India ($X) constituted the largest carpet suppliers to New Zealand, together accounting for X% of total imports. The United States, the United Arab Emirates, Belgium, South Africa and Thailand lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 carpet import price stood at $X per square meter in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure 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 Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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