The import of handmade rugs, including Kelem, Schumacks, and Karamanie to France, is projected to grow steadily between 2024 and 2028, from $5.37 million in 2024 to $5.55 million in 2028. This series shows a consistent year-on-year increase of approximately 0.83%, demonstrating a stable upward trend over the forecasted period. In 2023, the imports stood at slightly above $5.3 million. The Compound Annual Growth Rate (CAGR) over the five years, from 2024 to 2028, is estimated at 0.81%, indicating a robust average annual growth.
Future trends to watch include potential influences from changing consumer preferences towards artisanal goods, the impact of geopolitical developments on international trade, and shifts in economic factors such as currency fluctuations that may affect import costs. Keeping an eye on sustainable production practices and their potential impact on consumer demand could also be beneficial for longer-term forecasting.
