The UK market for woven carpets and other woven textile coverings saw a consistent decline in value per capita from 2013 to 2017, with a small rebound in 2018, followed by another decrease until 2020. From 2020 to 2021, the market experienced a marginal recovery, but continued to decrease through 2023, ending at 3.1 Euros per capita. Over the past two years (2022-2023), the year-on-year decline was approximately 4%. The compound annual growth rate (CAGR) over the past five years shows an average yearly decline, underscoring a challenging market environment.
Future trends to watch include the potential impact of sustainable and eco-friendly products driving renewed interest. Additionally, evolving consumer preferences, technological advancements in production, and economic factors may influence market dynamics positively or negatively in the years ahead.
How does the United Kingdom rank in Woven Carpets and Other Woven Textile Coverings Market Size Value Per Capita?
| # | 10 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 9.46 | 2023 | View data | ||
| 2 | 2 Finland | 8.77 | 2023 | View data | ||
| 3 | 3 Germany | 4.87 | 2023 | View data | ||
| 4 | 4 United Kingdom | 3.1 | 2023 | |||
| 5 | 5 France | 2.7 | 2023 | View data | ||
| 6 | 6 Croatia | 2.62 | 2023 | View data | ||
