Based on the data provided:
- 2024: 491.77 thousand square meters
- 2025: 421.12 thousand square meters (-14.37% year-on-year)
- 2026: 351.16 thousand square meters (-16.61% year-on-year)
- 2027: 281.91 thousand square meters (-19.71% year-on-year)
- 2028: 213.35 thousand square meters (-24.31% year-on-year)
The Compound Annual Growth Rate (CAGR) for the import of carpets and other textile floor coverings over the five-year period from 2024 to 2028 is approximately -19.73%.
Future Trends to Watch: The consistent decline in import volumes suggests a shrinking market, possibly due to increased domestic production, changing consumer preferences, or economic factors affecting import expenditure. Monitoring innovation in material technology, environmental regulations, and shifts in housing trends will be crucial for understanding future market dynamics.
