Carpets and other textile floor coverings: woven, (not tufted or flocked), of textile materials (other than man-made, 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 textile materials (other than man-made, wool or fine animal hair), of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 trade exhibited significant decline, with global flows reaching $44,275,567 and a three-year compound annual growth rate of -11.1% (five-year: -5.5%). The all-time peak of $76,807,358 was recorded in 2007; the current level is 42% below that high-water mark.

Over the 30-year observation window (1995–2024), 45% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-9.4% acceleration).

The World Trade Flows Characterization classifies carpets and other textile floor coverings: woven, (not tufted or flocked), of textile materials (other than man-made, 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 high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.150). The three largest exporters — India ($14.6M), Denmark ($7.6M), and United Arab Emirates ($3.0M) — collectively dominate supply flows. The leading exporter has grown at -18.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.056). The three largest import markets are United States ($6.1M), United Arab Emirates ($6.0M), and Germany ($2.7M). The largest importing market sources from 40 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 Arab Emirates at $5.4M, representing 90.5% of the importer's total demand.

The volatility score for carpets and other textile floor coverings: woven, (not tufted or flocked), of textile materials (other than man-made, wool or fine animal hair), of pile construction, not made up, n.e.s. in item no. 5702.10 or 5702.20 is 11 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, contracting demand signals caution before committing resources. 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.