Carpet And Rug Market in the United States
Market Overview
The U.S. carpet and rug market was finally on the rise to reach $
in , after two years of decline. The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
In value terms, carpet and rug production shrank to $ in . Overall, production saw a slight curtailment. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.
in , after two years of decline. The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.In value terms, carpet and rug production shrank to $
in . Overall, production saw a slight curtailment. The growth pace was the most rapid in 2014 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.Consumption
In , consumption of carpets and rugs increased by % to square meters for the first time since 2018, thus ending a two-year declining trend. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The revenue of the carpet and rug market in the United States expanded notably to $ in , 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 ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
, consumption of carpets and rugs increased by % to square meters for the first time since 2018, thus ending a two-year declining trend. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.The revenue of the carpet and rug market in the United States expanded notably to $
in , 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 ; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for carpet and rug in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to square meters by the end of .
% for the period from to , which is projected to bring the market volume to square meters by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last eight-year period (from % to %).
% to %).Trade Balance
The United States remains a net importer of carpet and rug; in physical and value terms, imports consistently exceeded exports from 2013 to . In , 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.
. In , 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.
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