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, 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, made up, n.e.s. in item no. 5702.10 or 5702.20 trade exhibited strong growth, with global flows reaching $225,890,030 and a three-year compound annual growth rate of +4.5% (five-year: +6.0%). The all-time peak of $225,890,030 was recorded in 2024.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+2.7% 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, made up, n.e.s. in item no. 5702.10 or 5702.20 as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.161). The three largest exporters — India ($69.1M), China ($41.7M), and Türkiye ($35.7M) — collectively dominate supply flows. The leading exporter has grown at -6.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.139). The three largest import markets are United States ($74.1M), Iraq ($31.6M), and Germany ($11.7M). The largest importing market sources from 47 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 $47.4M, representing 64.0% 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, made up, n.e.s. in item no. 5702.10 or 5702.20 is 9 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.