Carpet Market Overview in the United Arab Emirates
In value terms, carpet production surged to $ in 2019 estimated in export prices. Overall, production showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of % against the previous year. The United Arab Emirates production peaked at $ in 2014; however, from 2015 to 2019, production remained at a lower figure.
The size of the carpet market in the United Arab Emirates amounted to $ 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). Overall, consumption saw a resilient increase. The pace of growth appeared the most rapid in 2008 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
From 2007 to 2018, the most notable rate of growth in terms of carpet consumption, amongst the leading consumed products, was attained by woven carpet, while carpet consumption for the other products experienced more modest paces of growth.
In value terms, woven carpets and other woven textile coverings ($), tufted carpets and other tufted textile floor coverings ($) and knotted carpets and other knotted textile floor coverings ($) constituted the products with the highest levels of market value in 2018.
Among the main consumed products, woven carpet saw the highest growth rate of market size, over the period under review, while carpet market for the other products experienced more modest paces of growth.