Market movement
In 2024, carpets and other textile floor coverings: of felt, (not tufted or flocked), whether or not made up, having a maximum surface area exceeding 0.3 m2 but not exceeding 1 m2 trade exhibited significant decline, with global flows reaching $16,045,596 and a three-year compound annual growth rate of -4.5% (five-year: -3.0%). The all-time peak of $21,449,254 was recorded in 2022; the current level is 25% below that high-water mark.
Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-3.8% acceleration).
