Dublin -- ResearchAndMarkets.com recently added the "U.S. Carpet and Rug Market Analysis and Forecast to 2025" report to its offering. The report provides a comprehensive survey of the U.S. carpet and rug market, exhibiting the latest data on the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains actual data on the largest players in the industry.

The revenue of the carpet and rug market in the U.S. amounted to $11.8 billion in 2018, an increase of 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +1.2% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 3.9% year over year. Carpet and rug consumption peaked in 2018 and is likely to continue its growth in the near future.

In 2018, the carpet and rug exports from the U.S. amounted to 470 tonnes, falling by -5.6% against the previous year. Over the period under review, carpet and rug exports continue to indicate a deep curtailment. The growth pace was the most rapid in 2016 with an increase of 21% year-to-year. In that year, carpet and rug exports reached their peak of 709 tonnes. From 2017 to 2018, the growth of carpet and rug exports failed to regain its momentum.

In value terms, carpet and rug exports stood at an estimated $1.8 million in 2018. In general, carpet and rug exports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 2.2% year over year. Over the period under review, carpet and rug exports reached their maximum at $3 million in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Panama (88 tonnes), the UK (55 tonnes) and Guyana (49 tonnes) were the main destinations of carpet and rug exports from the U.S., with a combined 41% share of total exports. These countries were followed by Singapore, the Dominican Republic, Australia, China, Ecuador, Mexico, Spain, Brazil and Aruba, which together accounted for a further 36%.

Carpet and rug imports into the U.S. amounted to 625K tonnes in 2018, growing by 17% against the previous year. Overall, the total imports indicated an increase from 2013 to 2018: its volume grew at an average annual rate of 10.3% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carpet and rug imports increased by 63.1% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17% year over year. In that year, carpet and rug imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, carpet and rug imports totaled an estimated $2.5 billion in 2018. The total import value increased at an average annual rate of 6.9% from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 15% against the previous year. Over the period under review, carpet and rug imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

India (205K tonnes), China (163K tonnes) and Turkey (162K tonnes) were the main suppliers of carpet and rug imports to the U.S., together comprising 85% of total imports. From 2013 to 2018, the most notable rate of growth in terms of imports, among the main suppliers, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In 2018, the average carpet and rug import price amounted to $4.019 per tonne, waning by 4.2% against the previous year. In general, the carpet and rug import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2014 when the average import price increased by 0.6% year-to-year. In that year, the average import prices for carpets and rugs reached their peak level of $4,728 per tonne. From 2015 to 2018, the growth in terms of the average import prices for carpets and rugs remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($4,961 per tonne), while the price for Egypt ($3,169 per tonne) was among the lowest. From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

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