Turkey: Carpet Market 2024

Carpet Market Size in Turkey

The Turkish carpet market fell rapidly to $X in 2022, dropping by X% against the previous year. In general, consumption, however, showed prominent growth. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Carpet Production in Turkey

In value terms, carpet production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Carpet production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Carpet Exports

Exports from Turkey

After six years of growth, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X square meters in 2021, and then fell in the following year.

In value terms, carpet exports reduced to $X in 2022. Overall, total exports indicated noticeable growth from 2012 to 2022: its value 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

The United States (X square meters), Iraq (X square meters) and Saudi Arabia (X square meters) were the main destinations of carpet exports from Turkey, with a combined X% share of total exports. Libya, the UK, the United Arab Emirates, Germany, Kazakhstan, Israel, Malaysia, Iran and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Iraq ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, standing approx. at the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to Iran ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Carpet Imports

Imports into Turkey

Carpet imports into Turkey shrank to X square meters in 2022, waning by X% against 2021 figures. In general, imports recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, carpet imports expanded remarkably to $X in 2022. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X square meters), China (X square meters) and Belgium (X square meters) were the main suppliers of carpet imports to Turkey, with a combined X% share of total imports. India, Bulgaria, North Macedonia, Serbia, the UK, Pakistan, Austria, Egypt, Iran and Afghanistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carpet suppliers to Turkey were the Netherlands ($X), India ($X) and Belgium ($X), together accounting for X% of total imports. China, Pakistan, Serbia, Iran, Afghanistan, the UK, Austria, Egypt, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average carpet import price stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price, however, showed a abrupt descent. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($X per square meter), while the price for Bulgaria ($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 North Macedonia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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