2024: $1.1085 Billion
2025: $1.1325 Billion (2.17% YoY)
2026: $1.156 Billion (2.08% YoY)
2027: $1.179 Billion (1.99% YoY)
2028: $1.2016 Billion (1.92% YoY)
Over the last two years (2024-2026), the average annual growth rate was approximately 2.125%. For a longer term, over the last five years (2023-2028), the CAGR stands at approximately 2.04%.
Future trends to watch for include shifts in global trade policies, changes in consumer preferences towards sustainable and eco-friendly materials, and potential impacts of technological advancements in manufacturing processes on the import dynamics of tufted carpets and floor coverings.
