The carpets and rugs turnover in Austria exhibited considerable volatility from 2013 to 2023. Starting at 76.4 million euros in 2013, turnover has experienced highs of 110.7 million euros in 2019 and lows of 59.9 million euros in 2018. Recent years show a recovery trend, with 2023 closing at 98.2 million euros. Notably, the year-on-year growth in 2023 was 5.59%, with a 10.39% CAGR over the last five years.
Looking ahead, the forecasted data points toward a continued gradual increase, with projected turnover reaching 101.8 million euros by 2028. The forecasted 5-year CAGR is modest at 0.52%, indicating relatively stable growth with an overall forecasted growth rate of 2.62%.
Future trends to watch for include potential market disruptions, technological advancements in manufacturing, and shifts in consumer preferences. Additionally, economic factors such as inflation and supply chain dynamics will likely impact turnover.
