The market for carpets and rugs in Slovakia over the past decade has shown fluctuating trends. From 2013 to 2016, the per capita value fluctuated slightly, peaking in 2016. Post-2016, there was a noticeable decline with 2019 and 2020 showing sharp declines to 9.57 Euros per capita. However, there was a slight recovery to 10.17 Euros in 2021. The value modestly decreased towards 2023, reaching 9.98 Euros per capita.
Year-on-year from 2021 to 2023, the market remained relatively stable with minor decreases. The Compound Annual Growth Rate (CAGR) for the last five years indicates an average annual decline, reflecting ongoing pressures the market faces in this sector.
Future trends to watch for include:
- Emerging influences of sustainability and eco-friendly materials driving consumer preferences.
- Technological advancements in manufacturing processes could provide efficiency gains.
- Economic factors and disposable income trends that could increase or curb consumer spending on home furnishings.
How does Slovakia rank in Carpets and Rugs Market Size Value Per Capita?
| # | 14 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33.14 | 2023 | View data | ||
| 2 | 2 Finland | 27.57 | 2023 | View data | ||
| 3 | 3 Sweden | 26 | 2023 | View data | ||
| 4 | 4 Czech Republic | 21.01 | 2023 | View data | ||
| 5 | 5 Austria | 19.71 | 2023 | View data | ||
| 8 | 8 France | 12.61 | 2023 | View data | ||
| 9 | 9 Portugal | 12.4 | 2023 | View data | ||
| 10 | 10 Slovakia | 9.98 | 2023 | |||
| 11 | 11 Croatia | 9.28 | 2023 | View data | ||
| 12 | 12 Romania | 7.85 | 2023 | View data | ||
