The import of felt carpets and floor coverings to Australia has seen significant fluctuations over the past ten years. In 2013, the import value stood at 18.293 million USD. By 2023, it had decreased steadily to 8.6325 million USD. Negative year-on-year variations were most notable in 2014 (-34.46%) and 2017 (-19.51%). From 2018 to 2023, the import values showed some recovery but continued an overall downward trend.
Looking forward, the forecast indicates a continued decline, with imports expected to decrease to 7.7098 million USD by 2028. This represents a -1.79% CAGR from 2023 to 2028.
Future trends to watch for include:
- Potential impact of changing consumer preferences towards sustainable materials
- Effects of global trade dynamics and economic conditions
- Technological advancements in flooring alternatives
