Carpet And Rug Market Overview in the USA
In value terms, carpet and rug production fell slightly to $ in 2019. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2016 to 2019, production growth remained at a somewhat lower figure.
The size of the carpet and rug market in the U.S. dropped to $ in 2019, approximately equating 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 +% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of % against the previous year. Carpet and rug consumption peaked at $ in 2018, and then declined in the following year.