Iranian carpet weavers' upbeat as demand rises

31 May '13

1 min read

The carpet weaving industry of Iran has witnessed a revival during the second half of Iranian calendar year that ended on March 20, 2013, due to the rise in demand for Iranian carpets.

After witnessing loss in the previous years, the Iranian carpet industry is now hopeful of a revival not only because of the rise in demand, but also due to the recent rise in the value of Iranian currency (rial), which has led to a subsequent rise in the prices of handmade carpets.

Iranian carpet weavers have increased their demand for raw materials by more than 100 percent in view of the increased demand, said Abdullah Bahrami, the managing director of Union of Iran Carpet Producers Company, a state-run body supplying raw materials to carpet weavers, according to a Financial Times report.

According to market analysts, the prices of Iranian carpets have increased by about 60 percent in recent period, and this has raised hopes for more than 1 million weavers who are employed in the country’s carpet industry.

Among the leading carpet exporters in the world, Iran produces around five million square meters of carpets each year, 80 percent of which are exported.

Fibre2fashion News Desk - India

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