The Tufted Carpets and Other Tufted Textile Floor Coverings market in France demonstrated a continual decline from 0.34 square meters per capita in 2013 to 0.16 in 2023. Notably, the past two years showed significant contraction, with a year-on-year decrease of approximately 15% from 2021 to 2022 and around 11% from 2022 to 2023. The compound annual growth rate (CAGR) from 2018 to 2023 stands at approximately -6.5%, indicating a consistent downward trend over this five-year period.
Future trends to watch for include:
- Potential for recovery driven by eco-friendly and sustainable product innovations.
- The impact of economic changes post-2023, possibly reshaping consumer spending behavior.
- Influences from digital transformation in manufacturing and sales.