In 2023, Belgium led the export market of woven pile carpets of manmade yarn with a notable decline of 2.24%. China and Germany marked steady growth at 2.23% and 2.63% respectively, while the United States also rose by 2.41%. India saw marginal gains at 0.61%, and countries like Belarus, Indonesia, and Spain showed robust growth, exceeding 3%. Canada and Poland experienced significant declines, at -11.81% and -12.64%. Japan faced the most significant reduction among larger exporters, with a decline of 16.12%.
Future trends to watch include the potential for continued growth in emerging markets like Kazakhstan, which has shown impressive increases. Maintaining competitive pricing and innovation in quality will be crucial for the leading export nations to retain or expand their market shares. Furthermore, global economic conditions, trade policies, and sustainability trends could significantly impact future exports of woven pile carpets of manmade yarn.
Top countries in Export of Woven Pile Carpet of Manmade Yarn, Made Up Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 36.65 | 2023 | -2.23% | -2.24% | View data |
| 2 | 2 China | 23.21 | 2023 | +2.36% | +2.23% | View data |
| 3 | 3 Germany | 6.73 | 2023 | +2.46% | +2.63% | View data |
| 4 | 4 United States | 6.4 | 2023 | +3.78% | +2.41% | View data |
| 5 | 5 India | 3.65 | 2023 | +1.24% | +0.61% | View data |
| 6 | 6 Belarus | 3.16 | 2023 | +2.54% | +3.22% | View data |
| 7 | 7 Indonesia | 2.84 | 2023 | +2.35% | +3.37% | View data |
| 8 | 8 Spain | 1.87 | 2023 | +4.12% | +3% | View data |
| 9 | 9 United Arab Emirates | 1.82 | 2023 | +4.91% | +2.8% | View data |
| 10 | 10 Canada | 1.76 | 2023 | +0.97% | -11.81% | View data |
