Carpets and other textile floor coverings: woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20

In 2024, carpets and other textile floor coverings: woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 trade exhibited strong growth, with global flows reaching $366,760,779 and a three-year compound annual growth rate of +8.3% (five-year: +0.8%). The all-time peak of $462,751,649 was recorded in 2007; the current level is 21% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is strengthening (+8.9% acceleration).

The World Trade Flows Characterization classifies carpets and other textile floor coverings: woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.180). The three largest exporters — India ($142.2M), United Kingdom ($43.7M), and Saudi Arabia ($35.8M) — collectively dominate supply flows. The leading exporter has grown at +3.3% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.158). The three largest import markets are United States ($135.0M), United Kingdom ($30.7M), and Germany ($26.8M). The largest importing market sources from 48 different supplying countries.

Estimated substitution elasticity: -5.75. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → United States at $66.7M, representing 49.4% of the importer's total demand.

The volatility score for carpets and other textile floor coverings: woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 is 7 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.