The Carpets and Rugs Market in Hungary has shown fluctuation over the past decade, with a per capita value increasing from €3.62 in 2013 to €5.07 in 2023. Notable variations include a decrease in 2017 and 2020, followed by recovery in subsequent years. Between 2021 and 2022, there was a slight increase of 1.21%, with a less dramatic rise of 1.2% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years stands at 2.08%, indicating a stable but gradual market expansion.
Future trends to watch include technological advancements in carpet manufacturing, a shift towards sustainable materials, and increasing consumer preference for home renovations, which could further drive market growth.
How does Hungary rank in Carpets and Rugs Market Size Value Per Capita?
| # | 14 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33.14 | 2023 | View data | ||
| 2 | 2 Finland | 27.57 | 2023 | View data | ||
| 3 | 3 Sweden | 26 | 2023 | View data | ||
| 4 | 4 Czech Republic | 21.01 | 2023 | View data | ||
| 5 | 5 Austria | 19.71 | 2023 | View data | ||
| 12 | 12 Romania | 7.85 | 2023 | View data | ||
| 13 | 13 Spain | 7.5 | 2023 | View data | ||
| 14 | 14 Hungary | 5.07 | 2023 | |||
