Austria: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Austria

In 2022, the Austrian travelling wool rug market decreased by -9% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption, however, saw a perceptible decline. The growth pace was the most rapid in 2016 when the market value increased by 3.4%. Travelling wool rug consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Travelling Wool Rug Production in Austria

In value terms, travelling wool rug production stood at $X in 2022 estimated in export price. Overall, production, however, saw a mild decline. The pace of growth was the most pronounced in 2020 with an increase of 5% against the previous year. Travelling wool rug production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Travelling Wool Rug Exports

Exports from Austria

For the third year in a row, Austria recorded growth in overseas shipments of blankets and travelling rugs of wool, which increased by 18% to X units in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, travelling wool rug exports expanded modestly to $X in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2016 indices. The growth pace was the most rapid in 2018 when exports increased by 21% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for travelling wool rug exports from Austria, accounting for a 73% share of total exports. Moreover, travelling wool rug exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), fivefold. Poland (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+0.9% per year) and Poland (+72.2% per year).

In value terms, Germany ($X) remains the key foreign market for blankets and travelling rugs of wool exports from Austria, comprising 80% of total exports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total exports. It was followed by Poland, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.0% per year) and Poland (+60.6% per year).

Export Prices by Country

In 2022, the average travelling wool rug export price amounted to $X per unit, declining by -13.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 10% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Italy (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Travelling Wool Rug Imports

Imports into Austria

In 2022, the amount of blankets and travelling rugs of wool imported into Austria skyrocketed to X units, picking up by 25% against the previous year's figure. In general, imports, however, showed a mild setback. The growth pace was the most rapid in 2017 with an increase of 35%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, travelling wool rug imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 16%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest travelling wool rug supplier to Austria, with a 51% share of total imports. Moreover, travelling wool rug imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+48.9% per year) and Poland (+62.7% per year).

In value terms, Germany ($X) constituted the largest supplier of blankets and travelling rugs of wool to Austria, comprising 65% of total imports. The second position in the ranking was taken by Poland ($X), with a 4.8% share of total imports. It was followed by Italy, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+58.5% per year) and Italy (-7.0% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, dropping by -23.8% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 61% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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