The woven carpets and other woven textile coverings market in Portugal experienced fluctuating volumes from 2013 to 2023, with the size noted at 1.6879 million square meters in 2023. The market witnessed negative trends in recent years, including a -2.25% decline from 2022 to 2023. The five-year compound annual growth rate (CAGR) stands at -0.89%, indicating a shrinking market. The market peaked around 2020 at 1.8677 million square meters but has generally trended downward since.
Future trends to watch for include:
- Potential recovery driven by innovation and sustainable practices.
- Shifts in consumer preferences impacting demand.
- Economic conditions influencing disposable income and spending on home textiles.
- The impact of emerging technologies and online retail platforms.