In 2023, the import value of felt carpets and floor coverings to the Philippines stood at 1.4920 million US dollars. Forecasted data from 2024 to 2028 displays a gradual decline in import value, decreasing from 1.4886 million US dollars in 2024 to 1.4752 million US dollars in 2028.

Year-on-year percentage variations for the last two years indicate minor declines: -0.23% (2024 to 2025) and -0.23% (2025 to 2026). The compound annual growth rate (CAGR) over the next five years (2024-2028) suggests an average annual decrease of approximately -0.23%.

Future trends to watch for:

Potential changes in trade policies and tariffs that could impact import dynamics.
Shifts in consumer preferences towards eco-friendly or locally produced floor coverings.
Fluctuations in construction and housing markets which might influence demand.