Global exports of carpets and floor coverings declines

10 Jul '20

2 min read

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The trade of carpets and other floor coverings has been declining over the years. The global export of carpets and other floor coverings was $18,077.10 million in 2017, which declined 7.93 per cent to $16,643.01 million in 2019, according to data from TexPro. Total exports diminished 11.39 per cent in 2019 compared to the previous year.

Further, the trade is expected to drop to $14,702.34 million in 2022 with a rate of 11.66 per cent from 2019, according to Fibre2Fashion's market analysis tool TexPro.

The global import value of carpets and other floor coverings was $12,488.47 million in 2017, which decreased 7.70 per cent to $11,526.24 million in 2019. Total imports diminished 14.27 per cent in 2019 over the previous year and is expected to decrease to $10,220.09 million in 2022 with a rate of 11.33 per cent from 2019.

China ($4,747.86 million), Turkey ($2,553.26 million), India ($1,714.23 million), Belgium ($1,610.94 million) and Netherlands ($1,204.65 million) were the key exporters of carpets and other floor coverings across the globe in 2019, together comprising 71.09 per cent of total export. These were followed by the US ($909.48 million), Germany ($601.27 million) and the UK ($352.12 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Turkey (34.10 per cent) and the Netherlands (13.42 per cent).

The US ($1,487.55 million), Germany ($1,192.25 million), UK ($1,142.80 million) and Canada ($744.81 million) were the key importers of carpets and other floor coverings across the globe in 2019, together comprising 39.63 per cent of total import. These were followed by Japan ($612.20 million), France ($514.17 million) and Netherlands ($387.59 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main importing countries, was attained by Canada (0.45 per cent).

Fibre2Fashion News Desk (JL)

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