Overview
India continues to shine as a key player in the woven carpets export market, offering a blend of traditional artistryand modern manufacturing excellence. From 2016 to 2023, India’s exports to the USA grew at a strong CAGR of10.56%, showcasing its resilience and adaptability in a competitive landscape. With the USA accounting for over$624.3 million of exports in 2023, India demonstrates its ability to cater to high-demand markets with quality andversatility. Additionally, India’s focus on sustainability and eco-friendly carpets positions it uniquely among globalexporters.
India’s Position
India’s second rank in the USA’s woven carpets import market underscores its strong foothold and potential for furthergrowth. To sustain this momentum, India can capitalize on its heritage by blending innovation with tradition, creatingbespoke carpets for niche markets. Expanding partnerships with global retailers and leveraging digital platformscan enhance visibility and reach. By focusing on green manufacturing and utilizing government incentives, Indiacan not only grow exports but also redefine itself as a leader in sustainable and artisan-driven carpet production.
05:14 PM, Jun 09
Source : MARKET WATCH UNITED STATES OF AMERICA WOVEN CARPETS (HS CODE 5702)