New Zealand: Tufted Carpet Market 2024

Tufted Carpet Market Size in New Zealand

The New Zealand tufted carpet market shrank significantly to $X in 2022, waning by -40.6% against the previous year. In general, consumption, however, saw a mild expansion. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Tufted Carpet Production in New Zealand

In value terms, tufted carpet production declined notably to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous decrease. The pace of growth was the most pronounced in 2018 with an increase of 85% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tufted Carpet Exports

Exports from New Zealand

In 2022, overseas shipments of tufted carpets and other tufted textile floor coverings were finally on the rise to reach X square meters after five years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, tufted carpet exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a noticeable downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X square meters) was the main destination for tufted carpet exports from New Zealand, with a 84% share of total exports. Moreover, tufted carpet exports to Australia exceeded the volume sent to the second major destination, the United States (X square meters), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to -1.9%.

In value terms, Australia ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from New Zealand, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia totaled -4.1%.

Export Prices by Country

In 2022, the average tufted carpet export price amounted to $X per square meter, rising by 8.9% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign 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 totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.9%).

Tufted Carpet Imports

Imports into New Zealand

After three years of growth, overseas purchases of tufted carpets and other tufted textile floor coverings decreased by -11.8% to X square meters in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +44.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of X square meters, and then reduced in the following year.

In value terms, tufted carpet imports plummeted to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

Australia (X square meters), China (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of tufted carpet imports to New Zealand, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and the United States ($X) constituted the largest tufted carpet suppliers to New Zealand, together accounting for 65% of total imports. The United Arab Emirates, South Africa, Belgium, India and Thailand lagged somewhat behind, together comprising a further 26%.

The United Arab Emirates, with a CAGR of +25.1%, recorded the highest growth rate of 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

In 2022, the average tufted carpet import price amounted to $X per square meter, falling by -5.3% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for the United Arab Emirates ($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 (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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