Report: The 2004/2005 Outlook For The U.S. Hard-Surface Floor Coverings Industry (With Long-Term Forecasts Through 2013)

The 2004/2005 Outlook For The U.S. Hard-Surface Floor Coverings Industry (With Long-Term Forecasts Through 2013)

Published by

Business Trend Analysts

Published

2004/07

Content info

Product code

BTA21339

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From US $ 1995

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Overview

Hard-surface floor coverings account for approximately 36% and 29% of floor covering imports and exports, respectively. In the export arena, hard-surface products increased from 23% of floor coverings exports in 1993 to 29% in 2003. That gain can be attributed to innovations in design technology as well as falling demand for exported carpets and rugs.

Rising Trade Deficit for Hard-Surface Floor Coverings

The U.S. trade deficit for hard-surface floor coverings rose by approximately $200 million from 1999 to 2002. Export activity has been slow to recover since being hit hard by the Asian financial crisis during the late 1990s. Imports of hard-surface floor coverings increased throughout most of the period, despite a weakened U.S. dollar against foreign currencies. In 2002, the U.S. trade deficit for hard-surface floor coverings reached $583.0 million.