Carpets and other textile floor coverings: woven, (not tufted or flocked), of textile materials (other than man-made or wool or fine animal hair, not 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 textile materials (other than man-made or wool or fine animal hair, not of pile construction), made up, n.e.c. in item no. 5702.10 or 5702.20 trade exhibited slight decline, with global flows reaching $281,122,586 and a three-year compound annual growth rate of -6.4% (five-year: +0.9%). The all-time peak of $342,369,410 was recorded in 2021; the current level is 18% 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 (-8.1% 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 or wool or fine animal hair, not of pile construction), made up, n.e.c. 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 0.232). The three largest exporters — India ($122.7M), China ($48.1M), and Bangladesh ($22.1M) — collectively dominate supply flows. The leading exporter has grown at -6.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.073). The three largest import markets are United States ($61.8M), Germany ($23.5M), and France ($15.5M). The largest importing market sources from 57 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 $47.8M, representing 77.4% 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 or wool or fine animal hair, not of pile construction), made up, n.e.c. in item no. 5702.10 or 5702.20 is 6 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.