Ethiopia: Woven Carpet Market 2024

Woven Carpet Market Size in Ethiopia

After three years of decline, the Ethiopian woven carpet market increased by X% to $X in 2022. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Woven Carpet Production in Ethiopia

In value terms, woven carpet production rose slightly to $X in 2022 estimated in export price. In general, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Woven Carpet Exports

Exports from Ethiopia

In 2022, shipments abroad of woven carpets and other woven textile coverings increased by X% to X square meters, rising for the second consecutive year after seven years of decline. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, woven carpet exports surged to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X square meters), Uganda (X square meters) and the United States (X square meters) were the main destinations of woven carpet exports from Ethiopia, with a combined X% share of total exports. The UK, Denmark, Switzerland, Djibouti, Egypt, Togo, Malawi, Sierra Leone and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for woven carpet exported from Ethiopia were Uganda ($X), Kenya ($X) and the United States ($X), together accounting for X% of total exports. Denmark, Switzerland, Djibouti, the UK, Egypt, Malawi, Sierra Leone, Togo and France lagged somewhat behind, together accounting for a further X%.

Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per square meter), while the average price for exports to France ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Ethiopia

Woven carpet imports into Ethiopia soared to X square meters in 2022, rising by X% against the year before. In general, imports posted a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, woven carpet imports surged to $X in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X square meters), Turkey (X square meters) and Belgium (X square meters) were the main suppliers of woven carpet imports to Ethiopia, with a combined X% share of total imports.

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

In value terms, the largest woven carpet suppliers to Ethiopia were China ($X), Turkey ($X) and Belgium ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average woven carpet import price amounted to $X per square meter, dropping by X% against the previous year. In general, the import price saw a slight decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Turkey ($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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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