Carpet And Rug Market Overview in the USA
In value terms, carpet and rug production declined slightly to $ in 2019. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2016 to 2019, production growth remained at a somewhat lower figure.
The revenue of the carpet and rug market in the U.S. was estimated at $ in 2019, remaining constant 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). The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of % y-o-y. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in years to come.