The per capita consumption of tufted carpets and other tufted textile floor coverings in Austria decreased from 0.73 square meters in 2013 to 0.43 square meters in 2023. Over the last decade, a significant decline was evident, particularly between 2016 and 2020, with a partial recovery observed in 2021. The most recent data indicates a year-on-year decrease of 4.44% from 0.47 in 2021 to 0.45 in 2022, and a further decrease in 2023 to 0.43 square meters per capita, representing a 4.44% decline. The 5-year CAGR stands at -1.9%, highlighting a consistent downward trend.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable or hard flooring solutions as environmental concerns rise.
- Technological advancements in manufacturing that may lead to product innovation and potentially stimulate demand.
- Impact of macroeconomic conditions and inflation on consumer spending power, possibly affecting the flooring market.