China to be new market for Iranian carpets

China is taking the place of the U.S. as the largest buyer of Iranian hand-woven carpets.

In conformity to the economic sanctions imposed on Iran by some countries, now they have started to restrict the import of genuine Iranian hand-woven carpets.

At first glance it appears that Iran is losing one of its major carpet markets, but instead it has resulted in the gradual exit of China from the international hand-woven carpet market. China had in the past years opened a small niche for itself by offering low-priced hand-woven carpets with inferior quality compared to the Iranian counterparts.

Many experts believe that the U.S. market will never be without Persian carpets because the private sector runs the export of carpets to the U.S. without any interference from the public sector. In the past we see that whenever the private sector takes matters into its hands, despite restrictions, they find ways to export their products based on the supply and demand, and the carpet market is no exception in this regard.

Anyhow, many experts and officials of the hand-woven carpets industry maintain that China is the new flourishing market for Iranian hand-woven carpets, and this trend will lead to the gradual exit of that country from the global hand-woven carpet market.

As a matter of fact, China, India, Pakistan, and Turkey are the major rivals in the world for Iranian hand-woven carpets. A glance at the trend of the export from China of hand-woven carpets during the period from 2003 to 2009 shows a decrease from $136 million in 2003 to $92 million in 2008, down to $59 million last year.

United Nation's statistics in this regard emphasize the gradual exit of China from the global hand-woven carpet market which has given the opportunity to its rival India to enter the market with products similar to that of China. 

By the same token, China's share of the global market of hand-woven carpets has declined from 10.7 percent in 2003 to 4.7 percent in 2009 which also proves the fact that China is losing its foothold in the hand-woven carpet market.

Meanwhile, some experts believe that China's exit from the global market of hand-woven carpets is related to its economic growth and the increase in per capita income.

China is the only country with continuous economic growth of over 8 percent in the past three decades and for this reason it is widely known as the country with legendary economical growth.

According to the World Bank statistic's China's economic growth in 2009 reached 8.7 percent, its population increased 0.5 percent and its per capita income increased 8.2 percent. Based on these figures it is predicted that with this growth of per capita income in China, low-income activities will gradually fade away. This matter is also true in some regions in Iran and the increase in civic and agricultural activities has led to a decrease in the number of carpet weavers.

A review of World Bank statistics in regard to economic growth in some countries between 2005 to 2008 shows that economic growth in all these countries was lower than that of China, so it is safe to say that the condition of the Chinese people has relatively improved more than other countries. Economic growth in the U.S., Britain, Japan, Greece, Canada, France, Sweden and Italy in 2008 was less than one percent while it stood at about 9 percent in China.

Therefore, we can say that China's economic growth, rise in per capita income and tendency towards products with higher added value such as machine-woven carpets, are the most important factors which have led to the gradual decline in China's share of the global hand-woven carpet market, although other factors may also be related to this matter.     

Due to China's high economic growth compared to other countries it is predicted that in the near future it will turn into and importer of Iranian hand-woven carpets for its higher income stratum in its society.

Studies of the Chinese market show that the per capita income of its population has improved and in the future it will be a good market to exploit.

The serious and continuous presence of Iran in important Chinese exhibitions related to furniture, decorations and flooring will in the future turn China into a good market for Iranian hand-woven carpets.

Hotel occupancy increases in all Georgian regions
Hotel occupancy increases in all Georgian regions
Money transfers to Georgia up in December 2020
Money transfers to Georgia up in December 2020
Georgia reveals volume of electricity imported from Azerbaijan
Georgia reveals volume of electricity imported from Azerbaijan
Loading Bars
Latest
Participation in funeral to be permitted via Azerbaijani Interior Ministry's Call Center
Toughened quarantine in Azerbaijan turned out to be effective - President's assistant
Vaccination of people aged over 65 to begin on Feb. 1 - Azerbaijani president's assistant
Storage facilities for COVID-19 vaccines being created in Azerbaijan's Shusha
Nepal requests India for early provision of COVID-19 vaccines
S Jaishankar attends sixth meeting of India-Nepal Joint Commission
At 18 million, India has largest diaspora in the world: UN
Azerbaijan to purchase vaccines via Fund for Combating COVID-19
Baku subway, public transport not to work on weekends until quarantine ends
Azerbaijan reveals volume of imported Chinese Sinovac vaccine
Azerbaijan shares footage from liberated Hajikand village of Kalbajar (PHOTO/VIDEO)
Operational Headquarters of Azerbaijan talks international, domestic flights
Prime Minister Modi Launches pan India rollout of COVID-19 vaccination drive
GM to invest C$1 billion in Canada plant to manufacture electric vans
Azerbaijan to start vaccination from COVID-19 - Operational Headquarters
Barbershops and beauty salons in Azerbaijan to start working soon
Kazakhstan sees decrease in exports to EAEU countries
Review of transactions in national currency at Turkmen exchange for Dec. 2020
Total amount of transactions on Turkmen Commodity Exchange for Dec. 2020
Iran's companies can offer technical services in Azerbaijan's Karabakh
Azerbaijan to resume activity of shopping centers, museums, barbershops
Weekly review of Azerbaijani currency market
Uzbekistan reveals its COVID-19 data for January 16
Ban on entry-exit to some cities, regions of Azerbaijan remains in force
Azerbaijan makes wearing face masks mandatory both indoor, outdoor
Public catering facilities in Azerbaijan to resume activity soon
Aftershock rocks Indonesia quake zone as search continues
Kazakhstan's coal extracting venture to transformer substations via tender
Azerbaijan softens toughened quarantine regime
Turkmenistan, IBRD sign protocol of negotiations on COVID-19 response draft
Azerbaijan cancels SMS-permissions for leaving homes due to COVID-19
Iranian currency rates for January 16
Iran expects balance in foreign currency rates
Azerbaijan's import of grain from Russia's Stavropol for 2020 revealed
Mass inoculation of Russians against coronavirus to begin on January 18
Indonesia quake kills at least 42, injures hundreds
U.S. Health Secretary Azar condemns Capitol violence in resignation letter
UzAuto Motors doubles cars production volume in 2020
France's coronavirus death toll approaches 70,000
Over 600,000 have received Sinovac shots in Turkey's vaccination program
5.4-magnitude quake jolts southern Iran
Hotel occupancy increases in all Georgian regions
Trump directs government to minimize procurement from China
WhatsApp to delay launch of update business features after privacy backlash
Brazil reports more than 1,000 COVID deaths for fourth consecutive day
Number of COVID-2019 cases across globe up by over 709,000 in past day
UN chief calls for "far greater solidarity" in message on 2 millionth COVID-19 death
Money transfers to Georgia up in December 2020
WHO advises against proof of COVID-19 vaccination for int'l travel
BMW to recall 21,693 cars in Russia
We are having tea in pear-shaped glasses, baklava on Jidir Duzu. Let our friends rejoice, enemies get blind! - President Aliyev (PHOTO/VIDEO)
It is such unique feeling to see Shusha, to return to Shusha - President Aliyev
Commander-in-Chief came to Shusha for first time in 30 years and, frankly, does not want to leave - President Aliyev
Those who grew up over 17 years have liberated these lands - President Aliyev
Prepare report here, not in your cabinets - President Aliyev to international organizations
Global COVID-19 deaths surpass 2 mln
People of Azerbaijan will live in Shusha forever - President of Azerbaijan
All martyr families will be provided with apartments and houses by state - President Aliyev
In May 1992, Shusha was occupied as result of betrayal of PFPA-Musavat duo - President Aliyev
Today, I brought busts of our geniuses Khurshidbanu Natavan, Uzeyir Hajibayli and Bulbul to Shusha - President Aliyev
It is impossible to imagine Shusha without Jidir Duzu, and Azerbaijan without Shusha - President Aliyev
Mausoleum of Molla Panah Vagif was inaugurated exactly 39 years ago, I was standing right here - President Aliyev
After desecrating busts of our genius personalities, Armenians took them to Armenia to be melted down and sold - President Aliyev
Armenia must answer in international courts - Azerbaijani MFA
I said no, we will take these busts back only after liberating Shusha from enemy, put them in their original places - President Aliyev
Iran ready to establish joint automobile company in Iraq
Kyrgyzstan’s public debt reaches USD 4 bln 887.46 mln
Turkey reports over 8,000 new COVID-19 cases
UK records another 55,761 coronavirus cases, 1,280 deaths
Israel has vaccinated over 2 mln people against COVID-19
Britain tightens borders to keep out new COVID-19 strains
Kazakhstan's national operator for main oil pipelines reports decrease in oil transport
Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
Azerbaijani Economic Council holds first meeting in 2021
Shusha's residents proud of seeing Azerbaijani president in Shusha city
Group supporting Russian export to Azerbaijan renders assistance for foreign trade transactions in 2020
President of International Judo Federation congratulates Azerbaijani president
Azerbaijan increases total volume of exported gas in 2020
European Gymnastics to focus on competitions planned for 2021
Azerbaijan's foreign trade balance remains positive in 2020
Export operations between Azerbaijan and Australia greatly increase
Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
Int'l structures willing to cooperate for 'Green Energy Zone' in Azerbaijan's Karabakh (PHOTO)
Georgia reveals volume of electricity imported from Azerbaijan
Georgian Hualing Group implements new construction project
Georgia outstripping European preferences for innovations in some areas - MasterCard
Afghanistan always supports Azerbaijan in its just cause - Ambassador
Azerbaijani, Finnish FMs discuss latest situation in region
Whole world to see rapid economic recovery in Azerbaijan's liberated lands - Russian MP
Azerbaijani, Russian FMs exchange views on tasks of Jan. 11 joint statement
Georgian Enguri HPP rehabilitation project carried out with support of EBRD and EU
President of Georgia, NATO Secretary-General to meet in Brussels
How can leaders of Muslim countries be friends with country that destroyed mosques? - President Aliyev
President Aliyev presented Holy Quran to Saatli Mosque
In near future, we will ensure restoration of Shusha in planned manner - President of Azerbaijan
Despite all pressures, phone calls and threats, I said that we would go to end - President Aliyev
I have come to Shusha using the victory road - President Aliyev
Great return begins, all work has begun - President of Azerbaijan
Uzbekistan, Tajikistan resume regular flights
Azerbaijan sees growth trend in car insurance segment
All news