U.S.: Carpet And Rug Market 2024

Carpet And Rug Market Size in the U.S.

In 2023, the U.S. carpet and rug market decreased by X% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of X% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Carpet And Rug Production in the U.S.

In value terms, carpet and rug production totaled $X in 2023. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

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Carpet And Rug Exports

Exports from the U.S.

In 2023, approx. X square meters of carpets and rugs were exported from the United States; which is down by X% on the year before. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, carpet and rug exports reduced modestly to $X in 2023. Overall, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X square meters) was the main destination for carpet and rug exports from the United States, accounting for a X% share of total exports. Moreover, carpet and rug exports to Canada exceeded the volume sent to the second major destination, Mexico (X square meters), twofold. The third position in this ranking was taken by the UK (X square meters), with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

In value terms, Canada ($X) remains the key foreign market for carpets and rugs exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the UK (X% per year).

Export Prices by Country

The average carpet and rug export price stood at $X per square meter in 2023, therefore, remained relatively stable against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2022, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Mexico ($X per square meter) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carpet And Rug Imports

Imports into the U.S.

In 2023, purchases abroad of carpets and rugs decreased by X% to X square meters, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, carpet and rug imports fell to $X in 2023. Over the period under review, total imports indicated a temperate expansion from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X square meters), India (X square meters) and China (X square meters) were the main suppliers of carpet and rug imports to the United States, together accounting for X% of total imports. Egypt, Vietnam, Mexico, the Netherlands, Belgium and Canada lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and China ($X) appeared to be the largest carpet and rug suppliers to the United States, with a combined X% share of total imports. Mexico, Egypt, Vietnam, the Netherlands, Belgium and Canada lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carpet and rug import price stood at $X per square meter in 2023, reducing by X% against the previous year. In general, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform