The UK market for knotted carpets and other knotted textile floor coverings was valued at 41.044 million Euros in 2023, based on actual data. From 2013 to 2023, the market saw fluctuations, with significant declines in 2017 and 2020, followed by modest recoveries. The year-on-year variation has been mostly negative in recent years, with small decreases in 2022 and 2023. The five-year CAGR up to 2023 was -0.21%, indicating slight declines over this period.
The future trends to watch for include technological advancements in textile production and sustainable flooring materials. Additionally, the evolving consumer preferences towards eco-friendly products could reshape market demands, potentially boosting growth if suppliers adapt successfully.
