Masoud Sepherzad, chairman of the Hand-Woven Carpets Union of Iran, announced in an interview an 80 percent slump in the hand-woven carpet market.

In this interview, he pointed to the fluctuation of the exchange rate as an influencing factor and said, “The market for hand-woven carpets is chaotic and producers and sellers do not want to buy and sell because they do not know at what price they can get the blank materials after selling the manufactured product.

Sepherzad added that more than 85 percent of Iran’s export of hand-woven carpets has declined and perhaps one to two shipments of carpets are exported from the country every week.

Citing economic sanctions as another factor influencing the decline of this market, the chairman of the Handmade Carpet Dealers Union said, “We have no way to promote the country’s carpet and second flag in foreign markets. And exporters have problems attending European exhibitions, and we didn’t get permission to attend the last exhibition in Germany.”

Source: dw.com