Overview

From 2016 to 2023, the global export market for woven carpets exhibited steady growth with a CAGR of 5.1%,reaching an estimated $6,128 million in 2023. Türkiye, China, and India dominate the market, with Türkiye leadingdue to a remarkable CAGR of 7.4%. Türkiye’s exports surged from $1,624.3 million in 2016 to an estimated $2,683.4million in 2023, driven by its advanced production capabilities and proximity to key European markets. China, with a CAGR of 4.0%, benefits from economies of scale and cost-efficient production. These factors, combined with robustmanufacturing infrastructure, make Türkiye and China prominent exporters. 

India's Position

India ranks third globally with a CAGR of 7.7%, showcasing strong growth potential in woven carpet exports. Itsexports increased from $460.8 million in 2016 to an estimated $773.4 million in 2023, driven by skilled craftsmanshipand quality products. To further boost exports, India could focus on enhancing manufacturing efficiency, adoptinginnovative designs, and leveraging free trade agreements to expand its reach. Developing eco-friendly carpetoptions and marketing its traditional hand-woven expertise globally could position India as a leader in this segment.