Italy: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Italy

In 2022, the Italian travelling wool rug market decreased by -20.4% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a perceptible downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Travelling Wool Rug Production in Italy

In value terms, travelling wool rug production soared to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 950%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Travelling Wool Rug Exports

Exports from Italy

In 2022, the amount of blankets and travelling rugs of wool exported from Italy fell rapidly to X units, dropping by -25% compared with the previous year. Over the period under review, exports recorded a mild decline. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X units, and then fell sharply in the following year.

In value terms, travelling wool rug exports shrank to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value 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, exports increased by +46.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of travelling wool rug exports from Italy, together comprising 51% of total exports. Switzerland, Sweden, Poland, Finland, the UK, Canada, Spain, Denmark, Senegal and Slovenia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +36.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for travelling wool rug exported from Italy were France ($X), the United States ($X) and Germany ($X), with a combined 60% share of total exports. Switzerland, the UK, Spain, Poland, Sweden, Canada, Denmark, Finland, Slovenia and Senegal lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Poland, with a CAGR of +32.1%, saw 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, picking up by 23% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% 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 +83.4% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Senegal ($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 France (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Italy

In 2022, supplies from abroad of blankets and travelling rugs of wool increased by 21% to X units, rising for the second consecutive year after three years of decline. In general, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by +149.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 105%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, travelling wool rug imports surged to $X in 2022. Overall, total imports indicated perceptible growth from 2012 to 2022: its value 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 +113.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 83% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Lithuania (X units), Poland (X units) and Germany (X units) were the main suppliers of travelling wool rug imports to Italy, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +136.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X) constituted the largest supplier of blankets and travelling rugs of wool to Italy, comprising 45% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.5% per year) and Poland (+129.6% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, reducing by -3.9% against the previous year. In general, the import price showed a mild slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 38%. Over the period under review, average import prices attained 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 France ($X per unit), while the price for India ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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