From 2013 to 2023, the import of tufted carpets of nylon or polyamides to Canada has shown a generally declining trend, with values decreasing from $388.53 million to $303.65 million. Year-on-year variations reflect significant fluctuations, with notable declines in 2019 (-9.97%) and 2020 (-14.78%), followed by a slight rebound in 2021 (+19.33%). By 2023, the year-on-year variation stabilized to around -0.94%. Over the last five years, the CAGR averaged -2.12%. Forecasts from 2024 to 2028 suggest a continued decline, albeit at a slower pace with a forecasted 5-year CAGR of -0.8%.
Future trends to watch for include potential economic recovery and changes in construction and housing markets, which could impact the demand for tufted carpets. Additionally, shifts toward sustainable and eco-friendly materials might affect imports of traditional nylon and polyamide carpets.
