Philippines: Carpet Market 2025

Carpet Market Size in the Philippines

The Philippine carpet market rose modestly to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a strong increase. Carpet consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Carpet Exports

Exports from the Philippines

Carpet exports from the Philippines surged to X square meters in 2022, rising by X% against the previous year. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, carpet exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X square meters) was the main destination for carpet exports from the Philippines, with a X% share of total exports. Moreover, carpet exports to Japan exceeded the volume sent to the second major destination, the United States (X square meters), threefold.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled X%.

In value terms, Japan ($X) and the United States ($X) appeared to be the largest markets for carpet exported from the Philippines worldwide.

Among the main countries of destination, Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign 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 Japan 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 (X%), while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into the Philippines

In 2022, the amount of carpets and other textile floor coverings imported into the Philippines expanded remarkably to X square meters, increasing by X% on the previous year. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, carpet imports rose markedly to $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

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

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to the Philippines, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, almost unchanged from the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a 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 Thailand ($X per square meter), while the price for Belgium ($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 Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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