Argentina: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Argentina

After six years of decline, the Argentinian hand-woven tapestry market increased by 5.7% to $X in 2021. In general, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand-Woven Tapestry Production in Argentina

In value terms, hand-woven tapestry production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 6.5%. Hand-woven tapestry production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hand-Woven Tapestry Exports

Exports from Argentina

In 2021, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 42% to X kg, rising for the second year in a row after two years of decline. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 486%. Over the period under review, the exports attained the maximum at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, hand-woven tapestry exports stood at $X in 2021. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 3,876% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg), Spain (X kg) and South Africa (X kg) were the main destinations of hand-woven tapestry exports from Argentina, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +29.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Argentina, comprising 79% of total exports. The second position in the ranking was held by Spain ($X), with a 10% share of total exports. It was followed by Uruguay, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+19.5% per year) and Uruguay (-0.2% per year).

Export Prices by Country

In 2021, the average hand-woven tapestry export price amounted to $X per ton, with a decrease of -29.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 578%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+1.9%), while the prices for the other major destinations experienced a decline.

Hand-Woven Tapestry Imports

Imports into Argentina

For the fourth consecutive year, Argentina recorded decline in purchases abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, which decreased by -67.2% to X kg in 2021. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 480%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hand-woven tapestry imports declined markedly to $X in 2021. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 665% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X kg) was the main supplier of hand-woven tapestry to Argentina, accounting for a 95% share of total imports. Moreover, hand-woven tapestry imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Argentina, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 5.4% share of total imports. It was followed by Peru, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Peru (-46.3% per year).

Import Prices by Country

In 2021, the average hand-woven tapestry import price amounted to $X per ton, picking up by 35% against the previous year. In general, the import price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 106%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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