Carpet And Rug Market Overview in the USA

For the third consecutive year, the U.S. carpet and rug market recorded growth in sales value, which increased by % to $ in 2019. The market value increased at an average annual rate of +% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. 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 2019 and is likely to see gradual growth in the near future.

In value terms, carpet and rug production declined slightly to $ in 2019. In general, production saw 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 attained the peak level of $. From 2016 to 2019, production growth failed to regain the momentum.

In 2019, approx. square meters of carpets and rugs were consumed in the U.S.; flattening at the year before. The total consumption volume increased at an average annual rate of +% 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 when the consumption volume increased by % y-o-y. Carpet and rug consumption peaked in 2019 and is likely to see gradual growth in years to come.

The value of the carpet and rug market in the U.S. stood at $ in 2019, almost unchanged from 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 relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2015 with an increase of % y-o-y. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in years to come.

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 2019 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 six-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 2019. In 2019, 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.