United Arab Emirates: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in the United Arab Emirates

The travelling wool rug market in the United Arab Emirates contracted to $X in 2022, with a decrease of -10.6% against the previous year. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Travelling Wool Rug Production in the United Arab Emirates

In value terms, travelling wool rug production reduced modestly to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 285%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Travelling Wool Rug Exports

Exports from the United Arab Emirates

In 2022, after four years of decline, there was growth in shipments abroad of blankets and travelling rugs of wool, when their volume increased by 1.9% to X units. Overall, exports, however, recorded a significant decrease. The growth pace was the most rapid in 2017 when exports increased by 331% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, travelling wool rug exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 346% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X units) was the main destination for travelling wool rug exports from the United Arab Emirates, accounting for a 63% share of total exports. Moreover, travelling wool rug exports to Hungary exceeded the volume sent to the second major destination, Rwanda (X units), tenfold. Switzerland (X units) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+63.2% per year) and Switzerland (+196.4% per year).

In value terms, Hungary ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from the United Arab Emirates, comprising 50% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 4.1% share of total exports. It was followed by Mozambique, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+151.6% per year) and Mozambique (+113.9% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, jumping by 41% against the previous year. In general, the export price enjoyed a notable increase. As a result, the export price reached 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 Mozambique ($X per unit), while the average price for exports to Rwanda ($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 Mozambique (+19.5%), while the prices for the other major destinations experienced a decline.

Travelling Wool Rug Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of blankets and travelling rugs of wool decreased by -31.3% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 228% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, travelling wool rug imports contracted to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 324%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Italy (X units) were the main suppliers of travelling wool rug imports to the United Arab Emirates, with a combined 42% share of total imports. The United States, Turkey, France and Switzerland lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +65.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Switzerland ($X) appeared to be the largest travelling wool rug suppliers to the United Arab Emirates, with a combined 41% share of total imports. India, China, the United States and Turkey lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Turkey, with a CAGR of +57.4%, 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

In 2022, the average travelling wool rug import price amounted to $X per unit, increasing by 35% against the previous year. Overall, the import price showed a buoyant increase. The growth pace was the most rapid in 2013 when the average import price increased by 91% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+151.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :