In 2023, the import of hand-made rugs including Kelem, Schumacks, and Karamanie to Germany was valued at approximately 12 million USD. The forecast for 2024-2028 indicates a gradual decline in imports value, with a compound annual growth rate (CAGR) showing a decreasing trend of about 0.8% per year. The year-on-year percentage changes suggest a steady reduction, reflecting changing consumer preferences or market saturation.
Future trends to watch:
- Potential shifts in consumer demand towards sustainable and eco-friendly products could impact import volumes.
- Trade policy changes between Germany and major rug-exporting countries might affect import dynamics.
- Monitoring economic factors like consumer purchasing power in Germany could provide insights into future import variations.