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Canada - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Dec 17, 2023

September 2023 Sees a Modest Increase in Canada's Import of Knotted Carpets to $1.8M

Canada Knotted Carpet Imports

In September 2023, purchases abroad of knotted carpets and other knotted textile floor coverings increased by 31% to 184K square meters, rising for the second consecutive month after two months of decline. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in January 2023 when imports increased by 88% month-to-month. Imports peaked in September 2023.

In value terms, knotted carpet imports reached $1.8M (IndexBox estimates) in September 2023. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in October 2022 with an increase of 37% against the previous month. Over the period under review, imports attained the peak figure at 2.3M square meters in June 2023; however, from July 2023 to September 2023, imports failed to regain momentum. Canada Knotted Carpet Imports By Country (Thousand USD)

COUNTRY	Import Value of Knotted Carpet in Canada (thousand USD)
COUNTRY	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023
India	838	1,200	761	971	867	901	628	941	986	1,095	917	747	717
Turkey	301	649	477	206	487	319	348	614	462	498	354	325	355
Nepal	196	161	230	220	379	161	278	268	153	235	345	154	285
China	43.2	25.1	76.5	60.8	74.8	154	25.3	101	76.4	109	63.2	113	156
Others	204	133	368	729	76.2	69.1	274	198	210	353	235	277	271
Total	1,583	2,169	1,912	2,186	1,884	1,605	1,552	2,122	1,888	2,290	1,914	1,615	1,783

Imports by Country

China (67K square meters), Turkey (62K square meters) and India (36K square meters) were the main suppliers of knotted carpet imports to Canada, together accounting for 90% of total imports.

From September 2022 to September 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($717K) constituted the largest supplier of knotted carpet to Canada, comprising 40% of total imports. The second position in the ranking was held by Turkey ($355K), with a 20% share of total imports. It was followed by Nepal, with a 16% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of value from India stood at -1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkey (+1.4% per month) and Nepal (+3.1% per month).

Imports by Type

In September 2023, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up (164K square meters) constituted the largest type of knotted carpet supplied to Canada, with a 89% share of total imports. Moreover, carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up exceeded the figures recorded for the second-largest type, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up (20K square meters), eightfold.

From September 2022 to September 2023, the average monthly growth rate of the volume of import of carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up amounted to +7.5%.

In value terms, carpets and other textile floor coverings; knotted, of wool or fine animal hair, whether or not made up ($1.1M) and carpets and other textile floor coverings; knotted, of textile materials (other than wool or fine animal hair), whether or not made up ($716K) were the most imported types of knotted carpets and other knotted textile floor coverings in Canada.

Import Prices by Country

In September 2023, the knotted carpet price stood at $9.7 per square meter (CIF, Canada), reducing by -15.9% against the previous month. Overall, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in December 2022 when the average import price increased by 42% month-to-month. As a result, import price reached the peak level of $27,652 per thousand square meters. From January 2023 to September 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Nepal ($34.1 per square meter), while the price for China ($2.3 per square meter) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Nepal (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knotted carpet market in Canada. 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 13931100 - Knotted carpets and other knotted textile floor coverings

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
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

Canada - Knotted Carpets And Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends And Insights

September 2023 Sees a Modest Increase in Canada's Import of Knotted Carpets to $1.8M

Canada Knotted Carpet Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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