China: Travelling Wool Rug Market 2025

Travelling Wool Rug Market Size in China

After two years of decline, the Chinese travelling wool rug market increased by 2.2% to $X in 2022. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Travelling Wool Rug Production in China

In value terms, travelling wool rug production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 36%. Travelling wool rug production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Travelling Wool Rug Exports

Exports from China

In 2022, shipments abroad of blankets and travelling rugs of wool decreased by -11.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 86%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell in the following year.

In value terms, travelling wool rug exports declined to $X in 2022. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 128% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The United States (X units) was the main destination for travelling wool rug exports from China, with a 18% share of total exports. Moreover, travelling wool rug exports to the United States exceeded the volume sent to the second major destination, Malaysia (X units), twofold. The third position in this ranking was held by Japan (X units), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+40.1% per year) and Japan (+15.0% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and travelling rugs of wool exports from China, comprising 22% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports. It was followed by South Korea, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +18.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+12.6% per year) and South Korea (+80.7% per year).

Export Prices by Country

In 2022, the average travelling wool rug export price amounted to $X per unit, rising by 8.8% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug export price increased by +28.6% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Angola ($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 Iraq (+0.7%), while the prices for the other major destinations experienced a decline.

Travelling Wool Rug Imports

Imports into China

For the third consecutive year, China recorded growth in purchases abroad of blankets and travelling rugs of wool, which increased by 12% to X units in 2022. Over the period under review, imports recorded modest growth. The pace of growth appeared the most rapid in 2020 with an increase of 81%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, travelling wool rug imports surged to $X in 2022. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 71% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X units), India (X units) and Peru (X units) were the main suppliers of travelling wool rug imports to China, with a combined 59% share of total imports. The UK, Nepal, Germany, Latvia, Lithuania, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +47.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Italy ($X) and Nepal ($X) constituted the largest travelling wool rug suppliers to China, with a combined 89% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +48.3%, 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, with an increase of 36% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 48% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 the UK ($X per unit), while the price for Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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