Denmark: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Denmark

The Danish travelling wool rug market surged to $X in 2022, jumping by 158% against the previous year. Overall, consumption recorded a buoyant expansion. Travelling wool rug consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Travelling Wool Rug Production in Denmark

In value terms, travelling wool rug production declined to $X in 2022 estimated in export price. In general, production recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 99%. Travelling wool rug production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Travelling Wool Rug Exports

Exports from Denmark

In 2022, after two years of growth, there was significant decline in overseas shipments of blankets and travelling rugs of wool, when their volume decreased by -34.9% to X units. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 54%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, travelling wool rug exports reduced rapidly to $X in 2022. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 43%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units), Germany (X units) and Sweden (X units) were the main destinations of travelling wool rug exports from Denmark, with a combined 52% share of total exports. The United States, the UK, Switzerland, France, Faroe Islands, Japan, the Netherlands, Canada, Iceland and Ireland lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +37.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for travelling wool rug exported from Denmark were Germany ($X), Norway ($X) and the United States ($X), with a combined 53% share of total exports. Sweden, Switzerland, the UK, France, Canada, the Netherlands, Japan, Iceland, Faroe Islands and Ireland lagged somewhat behind, together comprising a further 34%.

Canada, with a CAGR of +40.1%, saw the highest growth rate of the value of exports, in terms of 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, reducing by -5.2% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 212% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Faroe Islands ($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 Iceland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in supplies from abroad of blankets and travelling rugs of wool, which increased by 47% to X units in 2022. Overall, imports, however, showed a mild shrinkage. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, travelling wool rug imports surged to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Lithuania (X units) constituted the largest travelling wool rug supplier to Denmark, with a 29% share of total imports. Moreover, travelling wool rug imports from Lithuania exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by India (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lithuania amounted to -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+20.6% per year) and India (+14.6% per year).

In value terms, Lithuania ($X) constituted the largest supplier of blankets and travelling rugs of wool to Denmark, comprising 30% of total imports. The second position in the ranking was taken by Peru ($X), with a 13% share of total imports. It was followed by Sweden, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+0.7% per year) and Sweden (+24.3% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 import price decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; afterwards, it flattened through to 2022.

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 China ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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