Czech Republic: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in the Czech Republic

The Czech travelling wool rug market expanded to $X in 2022, increasing by 2.2% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Travelling Wool Rug Production in the Czech Republic

In value terms, travelling wool rug production contracted modestly to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase 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, production decreased by -13.3% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 53% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Travelling Wool Rug Exports

Exports from the Czech Republic

In 2022, shipments abroad of blankets and travelling rugs of wool decreased by -46.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 850% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, travelling wool rug exports reduced markedly to $X in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 312%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for travelling wool rug exports from the Czech Republic, with a 66% share of total exports. Moreover, travelling wool rug exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), sixfold. Slovakia (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+23.7% per year) and Slovakia (+14.0% per year).

In value terms, Germany ($X) remains the key foreign market for blankets and travelling rugs of wool exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was held by Slovakia ($X), with a 10% share of total exports. It was followed by Belgium, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+22.9% per year) and Belgium (+31.6% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, falling by -23.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 147% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Belgium ($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 the United States (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into the Czech Republic

In 2022, overseas purchases of blankets and travelling rugs of wool increased by 35% to X units, rising for the third year in a row after two years of decline. In general, imports showed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 94% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, travelling wool rug imports contracted rapidly to $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

China (X units), Lithuania (X units) and Poland (X units) were the main suppliers of travelling wool rug imports to the Czech Republic, with a combined 86% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) constituted the largest supplier of blankets and travelling rugs of wool to the Czech Republic, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Lithuania stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.8% per year) and Italy (+3.5% per year).

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, which is down by -37.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 52%. The import price peaked at $X per unit in 2020; however, from 2021 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :