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Commercial Flooring Demand Through 2025

Commercial flooring demand decreased from 10.2 billion square feet valued at $13.4 billion in 2021 to 9.9 billion square feet valued at $14.3 billion in 2022, a decline of 2.4% by volume but a 7% increase by value. The increase in product value was driven by average net sales prices that rose 10% in 2022. Higher sales prices were driven by persistent inflation that occurred throughout 2022.