The carpets and rugs market in Germany has experienced a fluctuating volume trend over the past decade. From 2012 to 2017, there was a general increase with some minor fluctuations, culminating in a peak of 175.34 million square meters in 2017. The market then saw a decline, notably during 2020 with a sharp drop of 17.14%, followed by a strong recovery in 2021 with a 20.29% increase. However, the market volume remained relatively stable in 2022.
Key points to note:
- Year-on-year variation indicated a mix of growth and contraction, with notable dips in 2018 and 2020.
- The compound annual growth rate (CAGR) showed a modest decline of -0.69% over the last five years.
In 2023, the market volume is estimated to have experienced a slight increase from 2022. Future trends to watch for include potential market stabilization post-pandemic, technological advancements in carpet manufacturing, and increased demand for sustainable and eco-friendly products.
