Indonesia: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Indonesia

The Indonesian travelling wool rug market shrank to $X in 2022, waning by -5.9% against the previous year. In general, consumption, however, posted a prominent expansion. 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 Indonesia

In value terms, travelling wool rug production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Travelling Wool Rug Exports

Exports from Indonesia

In 2022, shipments abroad of blankets and travelling rugs of wool decreased by -60.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 5,971%. As a result, the exports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, travelling wool rug exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 11,468%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Singapore (X units) was the main destination for travelling wool rug exports from Indonesia, accounting for a 76% share of total exports. Moreover, travelling wool rug exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +89.4%.

In value terms, Singapore ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from Indonesia, comprising 77% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +147.1%.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, picking up by 47% against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2019 an increase of 146% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Indonesia

After four years of decline, supplies from abroad of blankets and travelling rugs of wool increased by 527% to X units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 7,466%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, travelling wool rug imports soared to $X in 2022. Over the period under review, imports enjoyed notable growth. The growth pace was the most rapid in 2017 when imports increased by 983%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest travelling wool rug supplier to Indonesia, accounting for a 73% share of total imports. Moreover, travelling wool rug imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+50.0% per year) and Italy (+34.1% per year).

In value terms, the largest travelling wool rug suppliers to Indonesia were the UK ($X), China ($X) and Italy ($X), together comprising 90% of total imports.

Among the main suppliers, the UK, with a CAGR of +81.6%, 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 more modest paces of growth.

Import Prices by Country

The average travelling wool rug import price stood at $X per unit in 2022, which is down by -78.9% against the previous year. Overall, the import price, however, saw a temperate increase. The growth pace was the most rapid in 2021 when the average import price increased by 717%. As a result, import price reached the peak level of $X per unit, and then contracted notably in the following year.

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 Italy (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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