Report Update Apr 1, 2024

Saudi Arabia - Tufted Carpets and Other Tufted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Tufted Carpet Market 2024

Tufted Carpet Market Size in Saudi Arabia

The Saudi tufted carpet market soared to $X in 2022, with an increase of 26% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tufted Carpet Production in Saudi Arabia

In value terms, tufted carpet production amounted to $X in 2022 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 -10.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 76%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Tufted Carpet Exports

Exports from Saudi Arabia

In 2022, overseas shipments of tufted carpets and other tufted textile floor coverings decreased by -29% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 249% against the previous year. The exports peaked at X square meters in 2021, and then shrank markedly in the following year.

In value terms, tufted carpet exports shrank markedly to $X in 2022. In general, exports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 220%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for tufted carpet exports from Saudi Arabia, accounting for a 66% share of total exports. Moreover, tufted carpet exports to the United States exceeded the volume sent to the second major destination, Bahrain (X square meters), tenfold. The third position in this ranking was held by Belgium (X square meters), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+1.6% per year) and Belgium (+64.1% per year).

In value terms, the United States ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Saudi Arabia, comprising 67% of total exports. The second position in the ranking was held by Bahrain ($X), with a 6.6% share of total exports. It was followed by Belgium, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+3.1% per year) and Belgium (+53.3% per year).

Export Prices by Country

In 2022, the average tufted carpet export price amounted to $X per square meter, with a decrease of -2.5% against the previous year. In general, the export price, however, posted a modest increase. The pace of growth was the most pronounced in 2014 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per square meter) and Bahrain ($X per square meter), while the average price for exports to the UK ($X per square meter) and Australia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Saudi Arabia

In value terms, tufted carpet imports reduced to $X in 2022. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 87%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In value terms, the largest tufted carpet suppliers to Saudi Arabia were China ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 73% share of total imports. Jordan, Vietnam, the United States, Belgium and India lagged somewhat behind, together comprising a further 19%.

Jordan, with a CAGR of +32.6%, recorded 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tufted carpets and other tufted textile floor coverings in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, with a combined 41% share of global consumption. The UK, Turkey, Japan, Indonesia, Mexico, Germany, South Korea, Thailand, Italy and Canada lagged somewhat behind, together comprising a further 31%.

What are the largest producers of tufted carpets and other tufted textile floor coverings in the world?

China constituted the country with the largest volume of tufted carpet production, comprising approx. 27% of total volume. Moreover, tufted carpet production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 9.2% share.

What are the leading importers of tufted carpets and other tufted textile floor coverings from Saudi Arabia?

In value terms, the United States remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Saudi Arabia, comprising 67% of total exports. The second position in the ranking was taken by Bahrain, with a 6.6% share of total exports. It was followed by Belgium, with a 6.2% share.

What is the average export price for tufted carpets and other tufted textile floor coverings in Saudi Arabia?

The average tufted carpet export price stood at $7.4 per square meter in 2022, declining by -2.5% against the previous year.

This report provides an in-depth analysis of the tufted carpet market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13931300 - Tufted carpets and other tufted textile floor coverings

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023