Romania: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Romania

The Romanian travelling wool rug market rose sharply to $X in 2022, surging by 8.9% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 -20.9% against 2020 indices. Travelling wool rug consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Travelling Wool Rug Production in Romania

In value terms, travelling wool rug production totaled $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Travelling Wool Rug Exports

Exports from Romania

In 2022, shipments abroad of blankets and travelling rugs of wool increased by 153% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 491% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 320% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for travelling wool rug exports from Romania, with a 71% share of total exports. Moreover, travelling wool rug exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by Slovenia (X units), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+68.6% per year) and Slovenia (+26.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from Romania, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Italy, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+73.3% per year) and Italy (-32.7% per year).

Export Prices by Country

In 2022, the average travelling wool rug export price amounted to $X per unit, declining by -29.7% against the previous year. In general, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 65% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Ireland ($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 Japan (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Romania

In 2022, imports of blankets and travelling rugs of wool into Romania shrank to X units, dropping by -7.1% on the previous year's figure. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 266% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling wool rug imports surged to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 190%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Italy (X units) and Turkey (X units) were the main suppliers of travelling wool rug imports to Romania, together accounting for 64% of total imports. China, Poland, Bulgaria, Germany, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +61.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of blankets and travelling rugs of wool to Romania, comprising 46% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Turkey, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+59.5% per year) and Turkey (+40.0% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, picking up by 42% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 112% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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