The market is dominated by domestic suppliers, as imports account for 1.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 79.0% of total demand in 2023. China has the largest market size for carpets and rugs regionally, with demand reaching USD7.6 billion in 2023. Zhengzhou Huade Mutual Benefit Carpet Co Ltd is the largest company in China, generating 4.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 13.6% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 0.7% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 9.4% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 35.2% of total production output. With production value of USD9.4 billion, China accounts for 54.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in China: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in China: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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