Carpet Market Overview in Italy
In value terms, carpet production stood at $ in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Carpet production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
The value of the carpet market in Italy expanded significantly to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a abrupt slump. The growth pace was the most rapid in 2017 when the market value increased by % year-to-year. Carpet consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
From 2007 to 2019, the average annual growth rate of the volume of consumption of tufted carpets and other tufted textile floor coverings was relatively modest. With regard to the other consumed products, the following average annual rates of growth were recorded: woven carpets and other woven textile coverings (-% per year) and knotted carpets and other knotted textile floor coverings (-% per year).
In value terms, woven carpets and other woven textile coverings ($), tufted carpets and other tufted textile floor coverings ($) and knotted carpets and other knotted textile floor coverings ($) appeared to be the products with the highest levels of market value in 2019.
Tufted carpet saw the highest rates of growth with regard to market size, among the main consumed products over the period under review, while carpet market for the other products experienced a decline.