SADC: Travelling Wool Rug Market 2023

Travelling Wool Rug Market Size in SADC

The SADC travelling wool rug market fell modestly to $X in 2022, declining by -3.2% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 SADC

In value terms, travelling wool rug production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Travelling Wool Rug Exports

Exports in SADC

In 2022, exports of blankets and travelling rugs of wool in SADC declined slightly to X units, which is down by -2.3% against 2021 figures. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 73%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, travelling wool rug exports dropped to $X in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X units) represented the main exporter of blankets and travelling rugs of wool in SADC, mixing up 98% of total export.

South Africa was also the fastest-growing in terms of the blankets and travelling rugs of wool exports, with a CAGR of -4.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest travelling wool rug supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at -5.9%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, waning by -6.8% against the previous year. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.9% per year.

Travelling Wool Rug Imports

Imports in SADC

In 2022, supplies from abroad of blankets and travelling rugs of wool decreased by -17.4% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 129% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, travelling wool rug imports declined markedly to $X in 2022. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Botswana (X units) was the key importer of blankets and travelling rugs of wool, constituting 70% of total imports. It was distantly followed by Swaziland (X units), comprising an 11% share of total imports. Lesotho (X units), Mozambique (X units), South Africa (X units), Zambia (X units) and Angola (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to travelling wool rug imports into Botswana stood at +19.2%. At the same time, Mozambique (+41.8%), Swaziland (+8.9%) and Angola (+3.4%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +41.8% from 2012-2022. South Africa, Lesotho and Zambia experienced a relatively flat trend pattern. While the share of Botswana (+39 p.p.) and Mozambique (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zambia (-3.3 p.p.), South Africa (-4 p.p.) and Lesotho (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lesotho ($X), Swaziland ($X) and Botswana ($X) constituted the countries with the highest levels of imports in 2022, with a combined 62% share of total imports.

Among the main importing countries, Botswana, with a CAGR of +5.3%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, which is down by -7.5% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2021 an increase of 78%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lesotho ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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