U.S. Carpet And Rug Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Turkey, India and Viet Nam Benefit from Rising American Carpet and Rug Imports
IndexBox has just published a new report: 'U.S. Carpet And Rug Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.
Last year, the U.S. ramped up imports of carpets and rugs by +11% to 796K tonnes. In value terms, imports reached $2.9B. Turkish, Indian and Chinese supplies comprise approximately 79% of American carpet and rug imports. In 2020, most of the import increment was provided by boosting purchases from Turkey, India, Egypt and Viet Nam. Viet Nam became the fastest-growing exporter of carpets and rugs to the U.S.
American Carpet and Rug Imports by Country
In 2020, carpet and rug imports into the U.S. expanded rapidly to 796K tonnes, surging by +11% compared with 2019 figures. In value terms, carpet and rug imports rose by +1.9% y-o-y to $2.9B (IndexBox estimates) in 2020.
Turkey (275K tonnes), India (224K tonnes) and China (127K tonnes) were the main suppliers of carpets and rugs to the U.S., together accounting for 79% of total imports. Egypt, Viet Nam, Canada and Mexico lagged somewhat behind, together comprising a further 14%.
In 2020, supplies from Turkey (+71K tonnes), India (+15K tonnes), Egypt (+10K tonnes) and Viet Nam (+20K tonnes) increased significantly. Viet Nam recorded the highest growth rate of the volume of imports, expanding supplies to the U.S. from 12K tonnes to 32K tonnes last year.
In value terms, India ($904M), Turkey ($899M) and China ($377M) were the largest carpet and rug suppliers to the U.S., with a combined 75% share of total imports. These countries were followed by Egypt, Viet Nam, Mexico and Canada, which together accounted for a further 12%.
Source: IndexBox Platform
This report provides an in-depth analysis of the carpet and rug market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Solar Energy Market: Getting to Net-Zero amid Energy Crisis
Join our live webinar to get insights into the global solar energy market.
Thursday, November 4th, 2021 @ 03:00 pm ET
Wind Energy Market: Getting to Net-Zero amid Energy Crisis
Join our live webinar to get insights into the global wind energy market.
Thursday, November 11th, 2021 @ 04:00 pm ET
Biogas Market: Getting to Net-Zero amid Energy Crisis
Join our live webinar to get insights into the global biogas market.
Thursday, November 18th, 2021 @ 04:00 pm ET