Tufted Carpet Market Overview in the United Arab Emirates
In value terms, tufted carpet production soared to $ in 2019 estimated in export prices. In general, production saw a resilient expansion. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Over the period under review, production reached the peak level at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
The value of the tufted carpet market in the United Arab Emirates skyrocketed to $ in 2019, surging 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). Over the period under review, the total consumption indicated a perceptible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.