CIS: Travelling Wool Rug Market 2023

Travelling Wool Rug Market Size in CIS

The CIS travelling wool rug market expanded notably to $X in 2022, with an increase of 15% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +97.1% against 2012 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Travelling Wool Rug Production in CIS

In value terms, travelling wool rug production totaled $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Travelling Wool Rug Exports

Exports in CIS

In 2022, the amount of blankets and travelling rugs of wool exported in the CIS contracted rapidly to X units, which is down by -19.6% on the previous year's figure. Over the period under review, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 47%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, travelling wool rug exports reduced remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 76% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia represented the main exporting country with an export of around X units, which amounted to 71% of total exports. It was distantly followed by Kyrgyzstan (X units) and Moldova (X units), together achieving a 25% share of total exports. Belarus (X units) held a little share of total exports.

Exports from Russia increased at an average annual rate of +14.6% from 2012 to 2022. At the same time, Moldova (+43.3%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +43.3% from 2012-2022. By contrast, Kyrgyzstan (-12.3%) and Belarus (-27.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Moldova increased by +58 and +12 percentage points, respectively.

In value terms, Russia ($X) remains the largest travelling wool rug supplier in the CIS, comprising 84% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 7% share of total exports. It was followed by Moldova, with a 3.9% share.

In Russia, travelling wool rug exports expanded at an average annual rate of +18.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (-4.8% per year) and Moldova (+24.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, waning by -3.4% against the previous year. In general, the export price, however, continues to indicate a moderate increase. The growth pace was the most rapid in 2013 an increase of 54%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Travelling Wool Rug Imports

Imports in CIS

In 2022, approx. X units of blankets and travelling rugs of wool were imported in the CIS; waning by -13.6% on the previous year's figure. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 34%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, travelling wool rug imports shrank to $X in 2022. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the major importing country with an import of about X units, which reached 48% of total imports. Kazakhstan (X units) ranks second in terms of the total imports with an 18% share, followed by Belarus (10%), Azerbaijan (9.3%) and Moldova (7.9%). Armenia (X units) and Kyrgyzstan (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to travelling wool rug imports into Russia stood at -11.4%. At the same time, Azerbaijan (+28.2%), Moldova (+14.9%) and Kazakhstan (+3.8%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.2% from 2012-2022. By contrast, Armenia (-1.1%), Belarus (-3.0%) and Kyrgyzstan (-13.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Azerbaijan, Moldova and Belarus increased by +12, +8.9, +7 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported blankets and travelling rugs of wool in the CIS, comprising 68% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 15% share of total imports. It was followed by Moldova, with a 5.1% share.

In Russia, travelling wool rug imports decreased by an average annual rate of -9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+3.8% per year) and Moldova (+14.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, increasing by 3.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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