The sold production of carpets and rugs in Italy has shown significant fluctuations from 2013 to 2023. The volume stood at 46.497 million square meters in 2023. The industry experienced notable peaks in 2016 with a value of 64.636 million square meters and 2021 with 86.518 million square meters. However, there were sharp declines in 2019 and 2020, largely attributed to external economic factors and potentially the COVID-19 pandemic. The year-on-year variation showed an increase of 9.39% in 2023 compared to a steep decline of 50.87% in 2022. Over the last five years, the compound annual growth rate (CAGR) was -1.15%, indicating a slightly contracting market.
Looking forward, the forecast suggests a gradual reduction in sold production, with a predicted value of 43.265 million square meters by 2028, highlighting an average yearly decline in production levels. The future trends to watch include potential technological advancements in production efficiency, shifts in consumer preferences towards sustainable and eco-friendly materials, and the impact of global economic conditions and trade policies on the industry. Monitoring these factors will be crucial for stakeholders aiming to navigate the evolving market landscape.
