The carpets and rugs market in Croatia has witnessed fluctuations over the past decade. In 2023, the market size reached 4.5147 million square meters. The market showed significant recovery post-2020, when a notable decline of nearly 14% was observed due to the pandemic. Following that, year-on-year growth rates included a substantial 22.57% increase in 2021, with moderate growth of approximately 1.6% observed in both 2022 and 2023. Over the past five years, the compound annual growth rate (CAGR) was around 1%, indicating modest overall growth.
Future trends to watch for include:
- Increasing demand for sustainable and eco-friendly carpeting solutions.
- Potential growth driven by emerging construction projects and tourism-related renovations.
- Possible market adjustments influenced by economic factors and consumer spending trends.