Based on the provided forecasted data:
- 2024: $420.6 million
- 2025: $421.62 million (0.24% increase YoY)
- 2026: $422.62 million (0.24% increase YoY)
- 2027: $423.59 million (0.23% increase YoY)
- 2028: $424.55 million (0.23% increase YoY)
The compound annual growth rate (CAGR) for the years 2024 to 2028 is approximately 0.23%.
The moderate and consistent increase in imports of knotted carpets and floor coverings suggests stable demand driven by economic stability and steady consumer preferences. Future trends to monitor include shifts in consumer tastes, advancements in carpet manufacturing technology, and potential geopolitical factors affecting trade policies and tariffs.
