South-Eastern Asia: Woven Carpet Market 2025

Woven Carpet Market Size in South-Eastern Asia

The Southeast Asian woven carpet market rose to $X in 2022, growing by 4.4% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Woven Carpet Production in South-Eastern Asia

In value terms, woven carpet production rose remarkably to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Woven Carpet Exports

Exports in South-Eastern Asia

In 2022, the amount of woven carpets and other woven textile coverings exported in South-Eastern Asia surged to X square meters, growing by 46% compared with 2021 figures. Total exports indicated a resilient 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, exports increased by +59.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, woven carpet exports reduced to $X in 2022. Over the period under review, exports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 8.3% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia represented the largest exporter of woven carpets and other woven textile coverings in South-Eastern Asia, with the volume of exports reaching X square meters, which was approx. 51% of total exports in 2022. Vietnam (X square meters) took the second position in the ranking, distantly followed by Thailand (X square meters). All these countries together held near 44% share of total exports. The Philippines (X square meters) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +66.3%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, together accounting for 93% of total exports. These countries were followed by the Philippines, which accounted for a further 3.4%.

In terms of the main exporting countries, the Philippines, with a CAGR of +44.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per square meter in 2022, dropping by -37.9% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when the export price increased by 8.9% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while Indonesia ($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 (-1.9%), while the other leaders experienced a decline in the export price figures.

Woven Carpet Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of woven carpets and other woven textile coverings increased by 5% to X square meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 20%. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, woven carpet imports stood at $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 22% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the major importer of woven carpets and other woven textile coverings in South-Eastern Asia, with the volume of imports accounting for X square meters, which was approx. 43% of total imports in 2022. Indonesia (X square meters) ranks second in terms of the total imports with a 17% share, followed by Thailand (16%), the Philippines (10%) and Singapore (7.2%). Vietnam (X square meters) and Myanmar (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to woven carpet imports into Malaysia stood at +5.2%. At the same time, Myanmar (+24.2%), the Philippines (+7.8%) and Thailand (+7.0%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +24.2% from 2012-2022. By contrast, Indonesia (-2.5%), Singapore (-4.6%) and Vietnam (-10.4%) illustrated a downward trend over the same period. While the share of Malaysia (+11 p.p.), Thailand (+6.3 p.p.), the Philippines (+4.4 p.p.) and Myanmar (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (-6.6 p.p.), Singapore (-6.8 p.p.) and Indonesia (-9.7 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 73% share of total imports. Singapore, the Philippines, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 25%.

In terms of the main importing countries, Myanmar, with a CAGR of +16.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2022, falling by -1.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 19% 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 somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per square meter), while the Philippines ($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 Indonesia (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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