The import of woven carpets and floor coverings to India for the years 2024 to 2028 is projected to increase steadily. In 2023, the actual import value stood at 15.658 million US dollars. The year-on-year percentage variation from 2023 to 2024 shows a 3.4% increase. Further analysis indicates continuous growth: 2024 to 2025 by 3.5%, 2025 to 2026 by 3.28%, 2026 to 2027 by 3.11%, and 2027 to 2028 by 2.96%. The compound annual growth rate (CAGR) over these five years is approximately 3.25%.
Future trends to watch for:
- Demand shifts due to changing consumer preferences for home décor.
- Impact of trade policies and import regulations on the market.
- Potential innovations in sustainable and eco-friendly carpet materials.
- Competitive dynamics between local manufacturers and international suppliers.
