India : India's carpet exports grow 8.4% in April 2013: CEPC

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India's carpet exports grow 8.4% in April 2013: CEPC

07
May '13

Stirred by strong demand from the US, Latin America and China, India’s carpet exports grew to US$ 89.3 million during April 2013, registering an increase of 8.4 percent over April 2012’s exports of US$ 82.33 million, the Carpet Export Promotion Council (CEPC) statistics shows.

The segments that posted highest export growth during April include handmade silk carpets which grew by 26 percent year-on-year, handmade woollen knotted carpets by 7.13 percent year-on-year, handmade tufted carpets by 12.26 percent year-on-year and synthetic carpets by around 5 percent year-on-year.

CEPC attributed the rise in India’s carpet exports to good demand from emerging markets like Africa, China, the US and Latin America.

Traditionally, more than 60 percent of India’s carpet exports are towards the EU and the US markets.

In 2012-13, India exported US$ 1.07 billion worth of carpets, showing a rise of 12 percent year-on-year, due to robust demand from new markets like China, the US and Latin America, alongside the traditional US market.

More than one million people in India depend on carpet export sector for livelihood.

Fibre2fashion News Desk - India

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