Carpets and other textile floor coverings: woven, (not tufted or flocked), not of pile construction, not 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), not of pile construction, not made up, n.e.c. in item no. 5702.10 or 5702.20 trade exhibited modest growth, with global flows reaching $152,625,387 and a three-year compound annual growth rate of -3.9% (five-year: -1.5%). The all-time peak of $238,831,406 was recorded in 1997; the current level is 36% 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 decelerating (-3.8% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.118). The three largest exporters — India ($30.8M), Sweden ($25.2M), and Belgium ($20.8M) — collectively dominate supply flows. The leading exporter has grown at +1.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.078). The three largest import markets are United States ($34.0M), United Kingdom ($13.7M), and Germany ($12.0M). The largest importing market sources from 42 different supplying countries.

Estimated substitution elasticity: -6.58. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → United States at $17.6M, representing 51.7% of the importer's total demand.

The volatility score for carpets and other textile floor coverings: woven, (not tufted or flocked), not of pile construction, not 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, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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