Knotted Carpet Market Overview in the United Arab Emirates
In value terms, knotted carpet production expanded slightly to $ in 2019 estimated in export prices. In general, production showed a strong increase. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Knotted carpet production peaked in 2019 and is likely to see gradual growth in the near future.
The size of the knotted carpet market in the United Arab Emirates reached $ in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the near future.