Australia’s woven carpet market is poised for moderate but steady growth, with projections indicating the market will reach 11 million square meters in volume and $116 million in value by 2035, according to the latest report by IndexBox.
The report, titled “Australia – Woven Carpets And Other Woven Textile Coverings – Market Analysis, Forecast, Size, Trends And Insights,” forecasts a CAGR of +1.1% for both volume and value over the 2024–2035 period.
Key Market Insights:
- 2024 Consumption: Woven carpet consumption in Australia rose by 6.9%, reaching 9.9 million square meters. Market value remained stable at $102 million.
- Imports: Australia imported 10 million square meters of woven carpets in 2024, with India (3.3M sqm), China (2.5M sqm), and Turkey (2.2M sqm) comprising 84% of the total import volume.
- Import Value: Despite the rise in import volume, total import value declined to $107 million, down from $136 million in 2022.
Leading Product Type: Carpets made of man-made textile materials with pile construction led imports, accounting for 37% of the total volume and $40 million in value.
Pricing Trends:
- The average import price in 2024 stood at $11 per square meter, reflecting a 7.3% decrease from the previous year.
- Highest average import prices were recorded for carpets made of wool or fine animal hair at $24 per square meter, while Pakistan remained one of the lowest-priced sources at $3.2 per square meter.
Export Market Snapshot:
- Australia exported 286,000 square meters of woven carpets in 2024, primarily to New Zealand (84% of volume), followed by Singapore and China.
- In value terms, exports surged to $10 million, with New Zealand accounting for $5.1 million of that figure.
- Export prices varied by product, with wool-based, non-pile construction carpets reaching up to $181 per square meter.
Outlook:
With ongoing demand and an improving outlook for regional exports and domestic consumption, Australia’s woven carpet market is expected to experience steady growth through 2035. The sector’s reliance on imports and sensitivity to price fluctuations will remain critical factors to monitor.
Source: IndexBox Market Intelligence Platform
