Bahrain: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Bahrain

The Bahraini travelling wool rug market fell to $X in 2022, with a decrease of -4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Travelling Wool Rug Exports

Exports from Bahrain

In 2022, the amount of blankets and travelling rugs of wool exported from Bahrain skyrocketed to X units, with an increase of 20% on 2021. Overall, exports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 1,030% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, travelling wool rug exports fell markedly to $X in 2022. In general, exports recorded a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 888% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for travelling wool rug exports from Bahrain, with a 85% share of total exports. Moreover, travelling wool rug exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ethiopia (X units), tenfold. The third position in this ranking was taken by Saudi Arabia (X units), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-3.5% per year) and Saudi Arabia (-8.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for blankets and travelling rugs of wool exports from Bahrain, comprising 24% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 2% share of total exports. It was followed by Nepal, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-14.9% per year) and Nepal (+21.2% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, shrinking by -51.2% against the previous year. Overall, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2021 an increase of 370%. As a result, the export price attained the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Ethiopia ($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 Nepal (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Travelling Wool Rug Imports

Imports into Bahrain

Travelling wool rug imports into Bahrain contracted modestly to X units in 2022, reducing by -4.3% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 193%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, travelling wool rug imports declined to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 87%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of travelling wool rug to Bahrain, with a 62% share of total imports. Moreover, travelling wool rug imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Pakistan (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-18.8% per year) and Pakistan (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of wool to Bahrain, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.8% share of total imports. It was followed by India, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-18.3% per year) and India (-24.9% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2015 an increase of 45%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 India ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform