Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait - 2022
Contents:
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (CIF) - 2022
- Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (FOB) - 2022
- Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait
- Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (CIF) - 2022
In December 2022, the average import price for carpets and other textile floor coverings; tufted, whether or not made ups amounted to $8.5 per square meter, leveling off at the previous month. Over the period under review, import price indicated resilient growth from December 2021 to December 2022: its price increased at an average monthly rate of +7.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for carpets and other textile floor coverings; tufted, whether or not made ups decreased by -9.6% against August 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 166% m-o-m. As a result, import price attained the peak level of $9.9 per square meter. From February 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($17.0 per square meter), while the price for Spain ($7.3 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Jordan (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (FOB) - 2022
The average export price for carpets and other textile floor coverings; tufted, whether or not made ups stood at $8 per square meter in 2022, falling by -9.6% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $9.3 per square meter in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Bahrain ($22 per square meter), while the average price for exports to India ($2.4 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 Bangladesh (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of carpets and other textile floor coverings; tufted, whether or not made ups, when their volume decreased by -41.4% to 3.5M square meters. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 6M square meters, and then declined sharply in the following year.
In value terms, imports of carpets and other textile floor coverings; tufted, whether or not made ups declined dramatically to $31M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 26%. Over the period under review, imports of reached the peak figure at $39M in 2021, and then fell dramatically in the following year.
| Import of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 7.4 | 12.7 | 11.5 | 8.8 | 5.9% |
| China | 5.7 | 8.3 | 9.2 | 6.9 | 6.6% |
| United Arab Emirates | 2.5 | 2.9 | 6.1 | 4.8 | 24.3% |
| India | 1.4 | 1.4 | 2.7 | 2.0 | 12.6% |
| Iran | 1.4 | 1.6 | 2.2 | 1.8 | 8.7% |
| Belgium | 1.2 | 2.0 | 2.3 | 1.7 | 12.3% |
| Netherlands | 0.5 | 1.0 | 0.9 | 0.8 | 17.0% |
| United Kingdom | 0.4 | 0.9 | 0.7 | 0.8 | 26.0% |
| Egypt | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| United States | 3.2 | 0.8 | 0.6 | 0.4 | -50.0% |
| Others | 2.7 | 1.7 | 2.8 | 2.7 | 0.0% |
| Total | 26.7 | 33.6 | 39.2 | 31.2 | 5.3% |
Top Suppliers of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up to Kuwait in 2022:
- Turkey (1161.3K square meters)
- China (782.6K square meters)
- United Arab Emirates (658.3K square meters)
- Iran (186.7K square meters)
- India (148.7K square meters)
- Belgium (128.3K square meters)
- Netherlands (78.2K square meters)
- United Kingdom (59.8K square meters)
- Egypt (53.6K square meters)
- United States (38.0K square meters)
Exports of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait
After two years of decline, shipments abroad of carpets and other textile floor coverings; tufted, whether or not made ups increased by 47% to 15K square meters in 2022. In general, exports, however, showed a precipitous curtailment. The exports peaked at 185K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of carpets and other textile floor coverings; tufted, whether or not made ups surged to $123K in 2022. Over the period under review, exports, however, faced a dramatic decline. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 845 | 96.5 | 50.7 | 54.4 | -59.9% |
| China | 46.9 | 12.7 | 10.3 | 17.2 | -28.4% |
| Bahrain | 58.8 | 30.3 | 15.3 | 14.0 | -38.0% |
| United Arab Emirates | 40.3 | 14.0 | 1.6 | 14.0 | -29.7% |
| Qatar | 371 | 21.8 | 0.7 | 5.4 | -75.6% |
| India | 21.4 | 4.0 | 2.1 | 3.6 | -44.8% |
| Bangladesh | 8.1 | 1.8 | 1.2 | 1.7 | -40.6% |
| Indonesia | 32.1 | N/A | N/A | N/A | 0% |
| Others | 72.0 | 11.9 | 9.9 | 12.7 | -43.9% |
| Total | 1,496 | 193 | 91.9 | 123 | -56.5% |
Top Export Markets for Carpets and Other Textile Floor Coverings; Tufted, Whether or Not Made Up from Kuwait in 2022:
- Saudi Arabia (6.9K square meters)
- United Arab Emirates (2.1K square meters)
- China (1.6K square meters)
- India (1.5K square meters)
- Qatar (0.8K square meters)
- Bahrain (0.6K square meters)
- Bangladesh (0.5K square meters)
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This report provides an in-depth analysis of the tufted carpet market in Kuwait.
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This report provides an in-depth analysis of the global tufted carpet market.
333
This report provides an in-depth analysis of the tufted carpet market in Kuwait.
980
This report provides an in-depth analysis of the global tufted carpet market.
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