Argentina: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Argentina

The Argentinian travelling wool rug market contracted to $X in 2022, dropping by -3.1% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Travelling wool rug consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Travelling Wool Rug Production in Argentina

In value terms, travelling wool rug production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Travelling Wool Rug Exports

Exports from Argentina

In 2022, after two years of growth, there was significant decline in shipments abroad of blankets and travelling rugs of wool, when their volume decreased by -15.9% to X units. Overall, exports recorded a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 307% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, travelling wool rug exports dropped remarkably to $X in 2022. In general, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 512%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for travelling wool rug exports from Argentina, accounting for a 46% share of total exports. Moreover, travelling wool rug exports to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+0.5% per year) and Germany (+4.9% per year).

In value terms, the United States ($X), Australia ($X) and Germany ($X) were the largest markets for travelling wool rug exported from Argentina worldwide, together accounting for 72% of total exports.

Among the main countries of destination, Australia, with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 154% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Argentina

In 2022, approx. X units of blankets and travelling rugs of wool were imported into Argentina; rising by 31% compared with 2021 figures. In general, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 187%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling wool rug imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 274% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X units) constituted the largest supplier of travelling wool rug to Argentina, with a 43% share of total imports. Moreover, travelling wool rug imports from Peru exceeded the figures recorded by the second-largest supplier, Uruguay (X units), twofold. The third position in this ranking was held by the UK (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-6.1% per year) and the UK (+19.3% per year).

In value terms, the largest travelling wool rug suppliers to Argentina were France ($X), Peru ($X) and the UK ($X), with a combined 53% share of total imports.

The UK, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, with an increase of 28% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 130%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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