Carpets and other textile floor coverings: woven, (not tufted or flocked), of man-made textile materials, (not 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 man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 trade exhibited strong growth, with global flows reaching $492,486,591 and a three-year compound annual growth rate of -5.3% (five-year: +0.5%). The all-time peak of $580,100,113 was recorded in 2021; the current level is 15% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-6.1% acceleration).

The World Trade Flows Characterization classifies carpets and other textile floor coverings: woven, (not tufted or flocked), of man-made textile materials, (not 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 0.244). The three largest exporters — China ($219.1M), Iran ($140.5M), and India ($65.7M) — collectively dominate supply flows. The leading exporter has grown at +14.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.085). The three largest import markets are United States ($126.0M), Saudi Arabia ($31.1M), and Germany ($26.6M). The largest importing market sources from 44 different supplying countries.

Estimated substitution elasticity: -5.17. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Iran → Iraq at $69.5M, representing 96.7% of the importer's total demand.

The volatility score for carpets and other textile floor coverings: woven, (not tufted or flocked), of man-made textile materials, (not of pile construction), made up, n.e.s. in item no. 5702.10 or 5702.20 is 8 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.