The analysis of European Carpet and Rugs HICP by country highlights that Macedonia and Estonia lead with values of 15.025 and 13.45 respectively in 2023. Although many countries show moderate growth over the past year, Hungary experienced a notable increase of 5.69%. Luxembourg and the Netherlands also showed significant rises in their indices. Conversely, Portugal saw a slight decline. Over the last five years, consistent annual growth is evident across most countries, contributing to a steady upward trend in the sector.
Future trends suggest a focus on sustainable and eco-friendly production, with potential innovations in technology to enhance design and production efficiency. Monitoring economic fluctuations and consumer demand shifts due to environmental awareness will be crucial for consistent growth in near future. Watch for policy changes and trade agreements affecting material costs and market access across Europe.
Top countries in Carpet and Rugs HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Macedonia | 150.25 | 2022 | +5.38% | +2.66% | View data |
| 2 | 2 Estonia | 134.5 | 2022 | +5% | View data | |
| 3 | 3 Lithuania | 126.65 | 2022 | +10.75% | +3.4% | View data |
| 4 | 4 Belgium | 121.72 | 2022 | +5.06% | +3.08% | View data |
| 5 | 5 Luxembourg | 119.72 | 2022 | +6.2% | +4.59% | View data |
| 6 | 6 Netherlands | 117.54 | 2022 | +14.74% | +3.99% | View data |
| 7 | 7 Sweden | 117.33 | 2022 | +11.66% | +3.07% | View data |
| 8 | 8 Serbia | 116.3 | 2022 | +10.45% | View data | |
| 9 | 9 Hungary | 115.58 | 2022 | +12.27% | +5.69% | View data |
| 10 | 10 Czech Republic | 113.3 | 2022 | +10.64% | +4.18% | View data |
