In 2023, the import value of hand-made rugs, including Kelem, Schumacks, and Karamanie, to the UK stood at USD 11.916 million. Forecasted data from 2024 to 2028 indicates a steady increase in import value, showing positive year-on-year growth: from USD 12.164 million in 2024 to USD 13.181 million in 2028. The compound annual growth rate (CAGR) over this five-year period is around 1.6%, reflecting a consistent upward trend in demand for these artisanal products.
Future trends to monitor include:
- The impact of evolving consumer preferences towards sustainable and culturally unique home decor.
- Economic factors influencing consumer purchasing power in the UK.
- Potential trade policy changes post-Brexit that could affect import dynamics.
