Industry Analysis & Industry Trends
The Carpet and Rug Manufacturing industry is a major user of domestically produced wool, which benefits many upstream farmers and other industries. However, despite access to a major raw material supply and a carpet manufacturing tradition in the United Kingdom, the industry has generally declined steadily for over a decade.
In the five years through 2011-12, industry revenue is estimated to decline at an annualised 5.6% to £856.7 million, with a 0.2% forecast increase in 2011-12 (constant 2011-12 prices). Following a 14.7% surge in 2006-07 due to a building boom, industry revenue declined by 5.2% in 2007-08 and 10% in 2008-09. Revenue declines continued in 2009-10, and are expected to ease in 2010-11 and 2011-12 as the industry approaches a lower base... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
There have been some significant declines across the industry in the five years through 2011-12. This has seen the industry continue to remain in the decline phase of its life cycle, which it has been in for over a decade.
Industry revenue is estimated to decline at an annualised rate of 5.6% during the period, with falls of 11.8% in 2008-09 and 10% in 2007-08. This followed a 14.7% increase in 2006-07 as a surge in housing and commercial building activity contributed to strong industry growth. However, industry revenue growth is expected to be flat in 2011-12 as the UK struggles to recover from the recent recession. From 2012-13, industry revenue is forecast to increase steadily again, presenting the industry with an opportunity to enter a new mature phase of its life cycle... purchase to read more