Iran: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Iran

The Iranian travelling wool rug market reduced to $X in 2022, shrinking by -7.4% against the previous year. The market value increased at an average annual rate of +1.4% over the period 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 failed to regain momentum.

Travelling Wool Rug Production in Iran

In value terms, travelling wool rug production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 37%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Travelling Wool Rug Exports

Exports from Iran

In 2022, exports of blankets and travelling rugs of wool from Iran contracted sharply to X units, which is down by -46.1% on the previous year. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 940% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, travelling wool rug exports reduced rapidly to $X in 2022. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 979%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for travelling wool rug exports from Iran, with a 47% share of total exports. Moreover, travelling wool rug exports to Austria exceeded the volume sent to the second major destination, Portugal (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria amounted to +170.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Norway (+21.9% per year).

In value terms, Austria ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from Iran, comprising 47% of total exports. The second position in the ranking was taken by Portugal ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to +138.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Norway (+10.4% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Norway ($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 Norway (-9.2%), while the prices for the other major destinations experienced a decline.

Travelling Wool Rug Imports

Imports into Iran

In 2022, approx. X units of blankets and travelling rugs of wool were imported into Iran; shrinking by -82% compared with the year before. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 326%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, travelling wool rug imports fell significantly to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 139% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of travelling wool rug to Iran, accounting for a 99% share of total imports. It was followed by Turkey (X units), with a 0.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +59.7%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of wool to Iran, comprising 100% of total imports. The second position in the ranking was taken by Turkey ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +33.5%.

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, with an increase of 320% against the previous year. In general, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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