Overview
Germany’s woven carpets import market has seen steady growth, with India emerging as a strong contributor.Between 2016 and 2023, India’s exports to Germany grew at an impressive CAGR of 8.98%, reaching $87.3 millionin 2023. This consistent rise reflects India’s ability to meet German demand for high-quality, durable carpets. India’ssuccess is bolstered by its expertise in producing both traditional and contemporary designs, catering to diverseconsumer tastes. By offering competitive pricing and superior craftsmanship, India continues to strengthen itsposition in the German market.
India’s Position
India’s growing footprint in Germany’s woven carpet market highlights its potential for further expansion. To enhanceits share, India could focus on building partnerships with German distributors and leveraging the “Make in India”initiative to promote its products. Introducing eco-friendly carpets and innovative textures could align with Germany’ssustainability focus. Additionally, attending international trade fairs and showcasing India’s unique blend of traditionand innovation can attract more buyers. Such strategies will help India scale up and establish itself as a preferredsupplier for Germany’s evolving carpet needs.
05:33 PM, Jun 09
Source : MARKET WATCH GERMANY WOVEN CARPETS (HS CODE 5702)