Benelux: Travelling Wool Rug Market 2023

Travelling Wool Rug Market Size in Benelux

In 2022, the Benelux travelling wool rug market increased by 3.7% to $X, rising for the second year in a row after two years of decline. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.2% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Travelling Wool Rug Production in Benelux

In value terms, travelling wool rug production reached $X in 2022 estimated in export price. In general, production continues to indicate tangible growth. The pace of growth was the most pronounced in 2016 with an increase of 78% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Travelling Wool Rug Exports

Exports in Benelux

Travelling wool rug exports totaled X units in 2022, surging by 3.4% on the previous year. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 110%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, travelling wool rug exports contracted to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 250%. The level of export peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

The biggest shipments were from Belgium (X units) and the Netherlands (X units), together accounting for 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +34.5%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +27.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, falling by -5.2% against the previous year. Overall, the export price recorded a mild contraction. The growth pace was the most rapid in 2020 an increase of 86%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%).

Travelling Wool Rug Imports

Imports in Benelux

In 2022, travelling wool rug imports in Benelux contracted markedly to X units, declining by -16% on 2021. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. As a result, imports reached the peak of X units, and then fell significantly in the following year.

In value terms, travelling wool rug imports declined to $X in 2022. Overall, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year. As a result, imports reached the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, the Netherlands (X units) was the major importer of blankets and travelling rugs of wool, creating 81% of total imports. Belgium (X units) held the second position in the ranking, distantly followed by Luxembourg (X units). All these countries together took near 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the blankets and travelling rugs of wool imports, with a CAGR of +8.1% from 2012 to 2022. At the same time, Belgium (+2.1%) displayed positive paces of growth. Luxembourg experienced a relatively flat trend pattern. While the share of the Netherlands (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Luxembourg (-4.4 p.p.) and Belgium (-7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported blankets and travelling rugs of wool in Benelux, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports.

In the Netherlands, travelling wool rug imports increased at an average annual rate of +16.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-0.0% per year) and Luxembourg (-2.0% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, growing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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