The forecasted import of hand-made rugs, including Kelem, Schumacks, and Karamanie, to the US shows a steady increase from 2024 to 2028. Beginning at $138.33 million in 2024, it is expected to reach $158.1 million by 2028. The growth from the previous year's levels indicates an average increase of around 3.5% per year, reflecting a strong demand for these artisanal products.
Future trends to watch for in the handmade rugs market include:
- Shifts in consumer preferences towards sustainable and locally-sourced materials, which may affect the import demand.
- Economic factors such as inflation and currency fluctuations, influencing the pricing and purchasing power in the US market.
- Potential trade policies or tariffs that might impact the costs of imports.
- Growth in e-commerce, expanding the reach and accessibility of handmade rugs to a wider audience.
