Italy: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Italy

After three years of decline, the Italian hand-woven tapestry market increased by 92% to $X in 2021. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Hand-Woven Tapestry Production in Italy

In value terms, hand-woven tapestry production declined sharply to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 197%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Hand-Woven Tapestry Exports

Exports from Italy

In 2021, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 114% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 119% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, hand-woven tapestry exports soared to $X in 2021. Overall, exports, however, continue to indicate a pronounced slump. The growth pace was the most rapid in 2017 with an increase of 1,238% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg), Germany (X kg) and South Korea (X kg) were the main destinations of hand-woven tapestry exports from Italy, together comprising 74% of total exports. These countries were followed by Spain, France, Ireland and Russia, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +48.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Italy, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 9.5% share of total exports. It was followed by South Korea, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.2% per year) and South Korea (-0.0% per year).

Export Prices by Country

The average hand-woven tapestry export price stood at $X per ton in 2021, declining by -12.4% against the previous year. In general, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 686% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+43.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Woven Tapestry Imports

Imports into Italy

After two years of decline, supplies from abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais increased by 1,368% to X tons in 2021. In general, imports recorded resilient growth. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, hand-woven tapestry imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest hand-woven tapestry supplier to Italy, accounting for a 87% share of total imports. Moreover, hand-woven tapestry imports from India exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold. Germany (X kg) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.2% per year) and Germany (+37.0% per year).

In value terms, India ($X), the United States ($X) and Germany ($X) were the largest hand-woven tapestry suppliers to Italy, with a combined 78% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +29.0%, 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

In 2021, the average hand-woven tapestry import price amounted to $X per ton, dropping by -40% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 136% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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