Brazil: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Brazil

The Brazilian travelling wool rug market declined to $X in 2022, shrinking by -3.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Travelling Wool Rug Production in Brazil

In value terms, travelling wool rug production fell to $X in 2022 estimated in export price. In general, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 38%. 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 Brazil

In 2022, shipments abroad of blankets and travelling rugs of wool increased by 1% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted a slight expansion. The most prominent rate of growth was recorded in 2018 with an increase of 274% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, travelling wool rug exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for travelling wool rug exports from Brazil, accounting for a 74% share of total exports. Moreover, travelling wool rug exports to Uruguay exceeded the volume sent to the second major destination, the United States (X units), ninefold. Italy (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled +96.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.5% per year) and Italy (-19.8% per year).

In value terms, Italy ($X), Uruguay ($X) and France ($X) constituted the largest markets for travelling wool rug exported from Brazil worldwide, together comprising 86% of total exports. The United States, Marshall Islands and Panama lagged somewhat behind, together comprising a further 11%.

Marshall Islands, with a CAGR of +65.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, jumping by 83% against the previous year. In general, the export price, however, showed a abrupt decline. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while the average price for exports to Panama ($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 Marshall Islands (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Brazil

In 2022, purchases abroad of blankets and travelling rugs of wool increased by 31% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling wool rug imports skyrocketed to $X in 2022. In general, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of travelling wool rug to Brazil, accounting for a 45% share of total imports. Moreover, travelling wool rug imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was held by China (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+16.1% per year) and China (-15.1% per year).

In value terms, the largest travelling wool rug suppliers to Brazil were Italy ($X), the UK ($X) and Peru ($X), with a combined 81% share of total imports. China, Switzerland and India lagged somewhat behind, together comprising a further 4.5%.

In terms of the main suppliers, Switzerland, with a CAGR of +75.9%, saw 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 trend patterns.

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, jumping by 22% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 44%. The import price peaked in 2022 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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