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Press Release: UK Carpets Market Development Report

Released: November 2010

After researching the UK carpets market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2006-2010:

In 2010, the UK market for carpets is estimated to decline by a marginal level to £1187.7 million, consolidating stronger declines of 5% and 9% recorded in 2008 and 2009 respectively. The decline in 2008 and 2009, is largely a reflection of the economic downturn and reduced construction activity, in particular the private housebuilding and offices sector. The more moderate decline projected for 2010, reflects tentative signs of an improvement in the economic environment and in new housebuilding activity. However as the economic recovery remains fragile and with overall construction output expected to continue to decline, demand for carpets is not anticipated to return to growth in 2010. Prior to the downturn, UK apparent consumption of carpets increased by 6% and 1% in 2006 and 2007, reflecting a buoyant construction and housing market, and favourable economic conditions. Despite increased competition from alternative flooring, most notably laminate and engineering wood flooring, carpet continued to account for around 60% of the total UK floorcoverings market during the review period.

Market Forecast 2011-2015:

In 2011, the UK market for carpets is anticipated to increase in real terms, albeit at a marginal level, reflecting the continued economic uncertainties and slow recovery projected in the housing market as well as a subdued construction sector. MBD expect UK apparent consumption of carpets to increase between 2012 and 2015, with annual growth levels projected to fluctuate between 2% and 4% in real terms. This partly reflects a return to stronger growth in the private housebuilding sector, and a more positive development in the wider economic environment, although the timing of a full economic recovery remains uncertain. In 2015, the value of the carpets market is anticipated to reach £1342.8 million (at 2010 prices), representing overall growth of 13% in real terms compared with the current year.

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