Hungary: Travelling Wool Rug Market 2025

Travelling Wool Rug Market Size in Hungary

The Hungarian travelling wool rug market skyrocketed to $X in 2022, increasing by 75% against the previous year. Overall, consumption posted significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Travelling Wool Rug Production in Hungary

In value terms, travelling wool rug production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 56% against the previous year. Travelling wool rug production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Travelling Wool Rug Exports

Exports from Hungary

In 2022, travelling wool rug exports from Hungary dropped to X units, reducing by -12.7% against the previous year. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 243%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports dropped rapidly to $X in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 54% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units) was the main destination for travelling wool rug exports from Hungary, accounting for a 53% share of total exports. Moreover, travelling wool rug exports to Slovenia exceeded the volume sent to the second major destination, Croatia (X units), threefold. Austria (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (-10.2% per year) and Austria (-17.9% per year).

In value terms, Austria ($X), Slovenia ($X) and Croatia ($X) constituted the largest markets for travelling wool rug exported from Hungary worldwide, with a combined 60% share of total exports. Germany, Switzerland, the United States, Cyprus, Romania, the Czech Republic and Montenegro lagged somewhat behind, together comprising a further 28%.

The United States, with a CAGR of +30.5%, recorded 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, shrinking by -9.8% against the previous year. Overall, the export price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 88%. The export price peaked at $X per unit in 2015; however, from 2016 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 Austria ($X per unit), while the average price for exports to Slovenia ($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 the Czech Republic (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Hungary

In 2022, the amount of blankets and travelling rugs of wool imported into Hungary soared to X units, growing by 184% compared with the year before. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, travelling wool rug imports skyrocketed to $X in 2022. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest travelling wool rug supplier to Hungary, accounting for a 71% share of total imports. Moreover, travelling wool rug imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.2% per year) and Poland (+64.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of blankets and travelling rugs of wool to Hungary, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and Poland (+70.9% per year).

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, shrinking by -24.4% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2019 an increase of 37%. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for the Netherlands ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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