In the UK's carpets and rugs market, volume has fluctuated over the 2012-2022 period. Starting from 226.77 million square meters in 2012, it reached 213.88 million square meters in 2022. Key trends include notable declines in 2014 and 2015, a significant drop in 2020 (by 18.07%) likely due to the COVID-19 pandemic, and a subsequent recovery in 2021 with a growth of 19.9%. Over the last five years, the compounded annual growth rate (CAGR) has shown a slight average increase of 0.16% per year from 2017 to 2022.
Future trends to watch for include:
- Potential continuing impact from economic disruptions.
- Shifts toward environmentally sustainable products.
- Increased demand for home renovation materials post-pandemic.
