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Export News
06-03-2024
Rug Import Market: Overview
Rugs have become a popular choice due to their various advantages, including comfort, sound insulation, safety, aesthetics, affordability, versatility, and long lifespan. In addition to covering floors and enhancing the overall design of homes or workplaces, Rugs provide a protective layer for the floor.
With the global demand for unique and high-quality Rugs continually rising, a comprehensive understanding of the trends in the Rug import market is crucial to navigate this dynamic market. Tendata provides you with market analysis and access to all global trade data that your customers may need. If you have any questions about the global list of Rug buyers, the global list of Rug suppliers, HSN codes, or global trade data, please contact Tendata.
Rug Industry Market Overview: Brief Summary
According to global trade data, the global Rug market was valued at $11.45 billion in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 3.89% to reach $14.4 billion by 2028. This growth will be driven by increased demand for Rugs in developing countries and an increase in disposable income in industrialized nations.
Hand-knotted, tufted, woven, and needle-punched Rugs are important sub-markets. Hand-knotted Rugs are the most expensive, usually made from wool or silk. Tufted Rugs are manufactured by inserting yarn tufts into a backing. Woven Rugs are made by interweaving yarns. Needle-punched Rugs are made by using needles to punch fibers into a backing. Technological advancements and the expanding consumer demand for comfort and aesthetics will drive market expansion in the coming years.
Which Countries Are Major Importers and Exporters of Rugs?
The United States holds a 17% market share and is the world's largest Rug importing country. Germany, the United Kingdom, Japan, and Canada are other important Rug importing countries.
China holds a 30% market share and is the world's largest Rug exporting country. India has an 8% market share and is the world's second-largest exporter. Looking at Rug import data, Turkey, Belgium, and Egypt are significant Rug-exporting nations.
How Much Rug Does the United States Import?
According to U.S. import data, from March 2023 to February 2024, the United States imported Rugs from 66 countries worldwide. China, India, Turkey, Ireland, Italy, Indonesia, Thailand, South Korea, Vietnam, and Saudi Arabia are the largest exporting countries to the United States. Rugs exported from China to the United States account for 55.61% of the total Rug imports, showing a growth of 110.67% in the past year. According to U.S. import data, there are 53,834 transactions of Rug imports from China to the United States.
How to Find Global Rug Buyers or Suppliers?
Simply log in to Tendata's dashboard, enter the product name or HSN code, and select the type of business you are looking for (importer or exporter). With global trade data, you can easily find Rug buyers or suppliers from 218 countries or regions on Tendata.
Tendata assists businesses in building an international customer information database more quickly through various methods, such as searching for customer addresses, website information, and company emails. This saves time and resources needed during the market development phase. In addition, Tendata provides integrated tools for email sending and management, allowing for bulk email sending, intelligent tracking of follow-up effects, and saving communication costs by avoiding spending time on ineffective emails and calls.
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