Carpet And Rug Market Overview in the USA

The revenue of the carpet and rug market in the U.S. amounted to $ in 2018, surging 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). The market value increased at an average annual rate of +% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of % y-o-y. Carpet and rug consumption peaked in 2018 and is likely to continue its growth in the near future.

In value terms, carpet and rug production amounted to $ in 2018. In general, carpet and rug production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when production volume increased by % y-o-y. In that year, carpet and rug production attained its peak level of $. From 2016 to 2018, carpet and rug production growth failed to regain its momentum.

Carpet and rug consumption in the U.S. stood at square meters in 2018, rising by % against the previous year. The total consumption volume increased at an average annual rate of +% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when consumption volume increased by % y-o-y. Carpet and rug consumption peaked in 2018 and is likely to see steady growth in the immediate term.

The revenue of the carpet and rug market in the U.S. amounted to $ in 2018, going up 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). The market value increased at an average annual rate of +% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the market value increased by % year-to-year. Carpet and rug consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Driven by increasing demand for carpet and rug in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to square meters by the end of .

Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last five-year period (from % to %).

The U.S. remains a net importer of carpet and rug; in physical and value terms, imports consistently exceeded exports from 2013 to 2018. In 2018, there was a significant trade deficit of square meters, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.