MERCOSUR: Travelling Wool Rug Market 2023

Travelling Wool Rug Market Size in MERCOSUR

The MERCOSUR travelling wool rug market was estimated at $X in 2022, growing by 7.4% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Travelling Wool Rug Production in MERCOSUR

In value terms, travelling wool rug production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Travelling Wool Rug Exports

Exports in MERCOSUR

In 2022, approx. X units of blankets and travelling rugs of wool were exported in MERCOSUR; declining by -22.6% on the previous year's figure. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. As a result, the exports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, travelling wool rug exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Peru was the major exporter of blankets and travelling rugs of wool in MERCOSUR, with the volume of exports reaching X units, which was near 80% of total exports in 2022. It was distantly followed by Ecuador (X units), creating a 19% share of total exports.

Exports from Peru increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Ecuador (+9.8%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +9.8% from 2012-2022. From 2012 to 2022, the share of Ecuador increased by +4.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest travelling wool rug supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was held by Ecuador ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru totaled +8.1%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, with a decrease of -2.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 8.6% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank in the following year.

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 Peru ($X per unit), while Ecuador totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.7%).

Travelling Wool Rug Imports

Imports in MERCOSUR

After two years of decline, purchases abroad of blankets and travelling rugs of wool increased by 23% to X units in 2022. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 323% against the previous year. 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 totaled $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Paraguay (X units) and Chile (X units) dominates imports structure, together comprising 90% of total imports. The following importers - Brazil (X units) and Uruguay (X units) - together made up 4.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of +47.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travelling wool rug importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Paraguay ($X), together comprising 86% of total imports.

Among the main importing countries, Paraguay, with a CAGR of +37.0%, recorded the highest rates of growth with regard to 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 import price in MERCOSUR stood at $X per unit in 2022, reducing by -10.9% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 154% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat 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 Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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