Analysis of the 2023 European export market for knotted carpets and other knotted textile floor coverings indicates that Italy leads with a 28.67% share, followed by Belgium at 26.98% and Czechia at 19.47%. Despite Italy and Belgium showing significant growth of 41.53% and 36.25% respectively, the United Kingdom faced a decline of 5.38%. Other notable changes include notable increases in the Netherlands and Sweden, while Spain experienced a substantial drop of 37.98%. Over the last five years, some countries have displayed strong compounding growth rates, particularly from smaller markets such as Luxembourg and Hungary.
Future trends to watch include:
- The possibility of Italy and Belgium consolidating their leadership positions due to recent strong growth.
- Emerging growth potential in markets like Sweden and Hungary, attributed to innovative practices or expanded production capacity.
- The effect of geopolitical and economic factors on declining markets such as Spain and Poland, and their potential recovery strategies.
- The increasing importance of sustainable and eco-friendly production methods potentially enhancing market positions.
Top countries in Export of Knotted Carpets and Other Knotted Textile Floor Coverings Share by Country (Square Meters)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 28.67 | 2023 | +39.25% | +41.53% | View data |
| 2 | 2 Belgium | 26.98 | 2023 | +43.19% | +36.25% | View data |
| 3 | 3 Czechia | 19.47 | 2023 | |||
| 4 | 4 United Kingdom | 6.57 | 2023 | +1.94% | -5.38% | View data |
| 5 | 5 Netherlands | 5.46 | 2023 | +2.88% | +17.27% | View data |
| 6 | 6 Germany | 3.28 | 2023 | -6.09% | -2.72% | View data |
| 7 | 7 Denmark | 2.84 | 2023 | +7.97% | +3.73% | View data |
| 8 | 8 Sweden | 2.77 | 2023 | +13.33% | +21.15% | View data |
| 9 | 9 France | 2.1 | 2023 | +8.92% | +7.02% | View data |
| 10 | 10 Portugal | 2.02 | 2023 | -12.5% | -8.13% | View data |
