The import value of felt carpets and floor coverings to Germany in 2023 stood at approximately 134.17 million USD. Past data shows a fluctuating trend with notable drops, particularly between 2014-2016 and significantly in 2020, followed by a robust recovery in 2021. The year-on-year variation over the last two years was moderate, indicating steadier growth since the sharp decline in 2020. The compounded annual growth rate (CAGR) for the past five years reveals an average yearly growth of 0.48%, reflecting an overall stable, albeit slow, upward trend.
Future trends to watch for include:
• Continued stability and gradual growth as forecasted values incrementally increase up to 2028.
• Economic factors influencing consumer spending ability which might alter the import landscape.
• Technological advancements in production and changes in consumer demand for felt carpets and floor coverings.
