The Carpets and Rugs market size in Portugal has shown a consistent growth pattern since 2013, culminating at 126.32 million Euros in 2023. Notable fluctuations include strong growth in 2014 and 2017, juxtaposed with a decline in 2015 and slightly in 2020. The average compound annual growth rate over the past five years stands at 5.53%, indicating steady market momentum.
Future trends to watch for include:
- An increasing focus on sustainable and eco-friendly materials driven by consumer demand.
- Technological advancements in manufacturing techniques, potentially lowering production costs.
- Potential market expansion into online sales platforms, boosting accessibility and customer reach.
How does Portugal rank in Carpets and Rugs Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,249,800,000 | 2023 | +0.14% | +0.51% | View data |
| 2 | 2 Germany | 1,376,100,000 | 2023 | -2.47% | -1.51% | View data |
| 3 | 3 France | 841,600,000 | 2023 | +0.55% | +0.062% | View data |
| 4 | 4 Spain | 353,620,000 | 2023 | +1.17% | +1.98% | View data |
| 5 | 5 Sweden | 271,150,000 | 2023 | +2.22% | +2.61% | View data |
| 8 | 8 Finland | 152,890,000 | 2023 | +6.02% | +3.06% | View data |
| 9 | 9 Romania | 150,350,000 | 2023 | +6.15% | +6.21% | View data |
| 10 | 10 Portugal | 126,320,000 | 2023 | +2.04% | +5.53% | |
| 11 | 11 Denmark | 82,152,000 | 2023 | -1.51% | -0.76% | View data |
| 12 | 12 Slovakia | 56,438,000 | 2023 | +0.93% | -2.38% | View data |
