Jordan: Tufted Carpet Market 2024

Tufted Carpet Market Size in Jordan

In 2022, after three years of growth, there was decline in the Jordanian tufted carpet market, when its value decreased by -0.6% to $X. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +42.7% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Tufted Carpet Production in Jordan

In value terms, tufted carpet production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 56% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Tufted Carpet Exports

Exports from Jordan

After two years of decline, overseas shipments of tufted carpets and other tufted textile floor coverings increased by 20% to X square meters in 2022. Over the period under review, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 23%. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tufted carpet exports skyrocketed to $X in 2022. In general, exports, however, recorded a deep setback. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X square meters), the United Arab Emirates (X square meters) and Lebanon (X square meters) were the main destinations of tufted carpet exports from Jordan, with a combined 92% share of total exports. India and Palestine lagged somewhat behind, together comprising a further 6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Palestine (with a CAGR of +130.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tufted carpet exported from Jordan were Saudi Arabia ($X), the United Arab Emirates ($X) and Lebanon ($X), with a combined 93% share of total exports. Palestine and India lagged somewhat behind, together accounting for a further 4.6%.

In terms of the main countries of destination, Palestine, with a CAGR of +142.6%, saw the highest growth rate of the value of exports, 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 tufted carpet export price amounted to $X per square meter, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per square meter), while the average price for exports to India ($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 Turkey (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Jordan

In 2022, tufted carpet imports into Jordan fell to X square meters, reducing by -6.9% compared with 2021. Overall, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 when imports increased by 203% against the previous year. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tufted carpet imports reduced to $X in 2022. In general, imports, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 177% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X square meters), Belgium (X square meters) and the United Arab Emirates (X square meters) were the main suppliers of tufted carpet imports to Jordan, with a combined 58% share of total imports. China, Iran, Lebanon, the Netherlands, Saudi Arabia, Egypt and the United States lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tufted carpet suppliers to Jordan were Turkey ($X), Belgium ($X) and the United Arab Emirates ($X), together comprising 55% of total imports. China, Iran, the Netherlands, Lebanon, Saudi Arabia, Egypt and the United States lagged somewhat behind, together comprising a further 40%.

Iran, with a CAGR of +28.9%, recorded the highest growth rate of 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 tufted carpet import price stood at $X per square meter in 2022, almost unchanged from the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11%. Over the period under review, average import prices hit record highs 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 the United States ($X per square meter), while the price for Saudi Arabia ($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 the United States (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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