Carpet And Rug Market Overview in the USA
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.
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.