From 2013 to 2023, the per capita value of the knotted carpets and other knotted textile floor coverings market in the UK saw a general decline. In 2013, it was €0.73 while in 2023, it stood at €0.61. The market experienced fluctuations, peaking in 2015 at €0.77 and underwent a substantial drop in 2017 and 2018 down to €0.62, further slipping to its lowest in 2020 at €0.52. Over the last two years, from 2021 to 2023, the market exhibited a stable yet stagnant state with minimal year-on-year change.
Future trends to monitor include potential recovery and growth as consumer preferences shift towards sustainable and artisanal products, alongside economic changes that might impact disposable budgets allocated for home decoration. As sustainability trends grow, there might be an increase in demand for eco-friendly knotted carpets, suggesting a potential market revival.
