Carpets and other textile floor coverings: woven, (not tufted or flocked), of wool or fine animal hair, of pile construction, made up, n.e.c. 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, made up, n.e.c. in item no. 5702.10 or 5702.20 trade exhibited strong growth, with global flows reaching $226,008,827 and a three-year compound annual growth rate of +2.7% (five-year: -0.4%). The all-time peak of $310,736,046 was recorded in 2007; the current level is 27% 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 strengthening (+4.3% 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, made up, n.e.c. 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 0.194). The three largest exporters — India ($69.6M), China ($67.5M), and Türkiye ($16.5M) — collectively dominate supply flows. The leading exporter has grown at -4.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.102). The three largest import markets are United States ($64.5M), United Arab Emirates ($16.1M), and Australia ($13.0M). The largest importing market sources from 50 different supplying countries.

Estimated substitution elasticity: -6.35. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → United States at $34.5M, representing 53.5% 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, made up, n.e.c. in item no. 5702.10 or 5702.20 is 3 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.