South-Eastern Asia: Carpet Market 2025

Carpet Market Size in South-Eastern Asia

The Southeast Asian carpet market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Carpet Production in South-Eastern Asia

In value terms, carpet production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Carpet Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2014, thus ending a seven-year rising trend. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2021, and then shrank modestly in the following year.

In value terms, carpet exports declined modestly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

Vietnam was the major exporter of carpets and other textile floor coverings in South-Eastern Asia, with the volume of exports reaching X square meters, which was near X% of total exports in 2022. It was distantly followed by Thailand (X square meters), Malaysia (X square meters) and Indonesia (X square meters), together achieving a X% share of total exports.

Vietnam was also the fastest-growing in terms of the carpets and other textile floor coverings exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest carpet supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, carpet exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, the export price showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while Malaysia ($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 Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Carpet Imports

Imports in South-Eastern Asia

In 2022, the amount of carpets and other textile floor coverings imported in South-Eastern Asia dropped to X square meters, waning by X% on the previous year. Total imports indicated a temperate increase 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 pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, carpet imports contracted to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia represented the key importing country with an import of about X square meters, which finished at X% of total imports. Singapore (X square meters) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), Thailand (X%), the Philippines (X%) and Myanmar (X%). Indonesia (X square meters) took a minor share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Thailand (X%), Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Myanmar (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported carpets and other textile floor coverings in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2022, declining by X% against the previous year. In general, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per square meter), while Myanmar ($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 Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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