Analyzing the Croatian market for tufted carpets and other tufted textile floor coverings, the year 2023 shows a volume per capita of 0.29 square meters. From 2013 to 2023, there has been an overall declining trend, with a peak in 2017 at 0.42 square meters. Over the past two years, the market declined by 3.03% in 2022 and 3.33% in 2023. The last five years indicate a CAGR of -5.48%, highlighting a consistent downward trajectory since 2018.
Future trends to watch for include:
- Potential introduction of innovative flooring solutions that could impact traditional tufted textile demand.
- Changes in consumer preferences towards more sustainable or multifunctional flooring products.
- Economic fluctuations impacting discretionary spending on home renovations.