Spain: Knotted Carpet Market 2024

Knotted Carpet Market Size in Spain

In 2022, after three years of growth, there was decline in the Spanish knotted carpet market, when its value decreased by -0.9% to $X. Over the period under review, consumption recorded a slight slump. Knotted carpet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Knotted Carpet Production in Spain

In value terms, knotted carpet production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a mild downturn. The pace of growth was the most pronounced in 2019 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports from Spain

In 2022, shipments abroad of knotted carpets and other knotted textile floor coverings was finally on the rise to reach X square meters for the first time since 2018, thus ending a three-year declining trend. In general, exports posted a prominent expansion. Over the period under review, the exports reached the peak figure at X square meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, knotted carpet exports surged to $X in 2022. Over the period under review, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X square meters), Nigeria (X square meters) and the United States (X square meters) were the main destinations of knotted carpet exports from Spain, together accounting for 43% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +89.3%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for knotted carpets and other knotted textile floor coverings exports from Spain, comprising 31% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Nigeria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+15.1% per year) and Nigeria (+85.6% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, with a decrease of -6.4% against the previous year. In general, the export price, however, posted a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 161%. As a result, the export price reached the peak level of $X per square meter, and then declined in the following year.

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 Qatar ($X per square meter), while the average price for exports to Mauritania ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Knotted Carpet Imports

Imports into Spain

In 2022, approx. X square meters of knotted carpets and other knotted textile floor coverings were imported into Spain; with a decrease of -14.3% on the previous year's figure. Over the period under review, imports, however, posted mild growth. The pace of growth was the most pronounced in 2021 with an increase of 156% against the previous year. As a result, imports reached the peak of X square meters, and then shrank in the following year.

In value terms, knotted carpet imports contracted to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 65%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X square meters) constituted the largest supplier of knotted carpet to Spain, accounting for a 47% share of total imports. Moreover, knotted carpet imports from India exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. The third position in this ranking was held by Italy (X square meters), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.6% per year) and Italy (+19.9% per year).

In value terms, India ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Spain, comprising 34% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and Italy (+11.8% per year).

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, growing by 4.5% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($X per square meter), while the price for China ($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 France (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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