Germany: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Germany

The German travelling wool rug market fell modestly to $X in 2022, waning by -4% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Travelling Wool Rug Production in Germany

In value terms, travelling wool rug production contracted modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 85%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Travelling Wool Rug Exports

Exports from Germany

In 2022, shipments abroad of blankets and travelling rugs of wool was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, travelling wool rug exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Switzerland (X units) and Austria (X units) were the main destinations of travelling wool rug exports from Germany, together comprising 31% of total exports. The Netherlands, Sweden, Poland, France, Spain, the Czech Republic, Norway, the United States, Ukraine and Russia lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the UK ($X) and Ukraine ($X) constituted the largest markets for travelling wool rug exported from Germany worldwide, together accounting for 37% of total exports.

Ukraine, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average travelling wool rug export price amounted to $X per unit, with a decrease of -4.9% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug export price increased by +5.1% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 40%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Ukraine ($X per unit), while the average price for exports to the Czech Republic ($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 Russia (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Germany

In 2022, overseas purchases of blankets and travelling rugs of wool increased by 4.1% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, travelling wool rug imports shrank to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X units), India (X units) and Italy (X units) were the main suppliers of travelling wool rug imports to Germany, with a combined 65% share of total imports. Ukraine, Poland, Latvia, Turkey, the UK, Lithuania, Nepal, Peru, Austria and France lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest travelling wool rug suppliers to Germany were Italy ($X), China ($X) and India ($X), together accounting for 44% of total imports. The UK, Poland, Peru, Latvia, Ukraine, Lithuania, Nepal, Austria, France and Turkey lagged somewhat behind, together comprising a further 41%.

In terms of the main suppliers, Latvia, with a CAGR of +70.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, reducing by -18.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 55%. The import price peaked at $X per unit in 2018; however, from 2019 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 the UK ($X per unit), while the price for Turkey ($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 UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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