Report Update Nov 1, 2024

Philippines - Blankets and Travelling Rugs of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in the Philippines

The Philippine travelling wool rug market dropped notably to $X in 2022, with a decrease of -31.8% against the previous year. Over the period under review, consumption, however, enjoyed a temperate expansion. Travelling wool rug consumption peaked at $X in 2021, and then shrank significantly in the following year.

Travelling Wool Rug Production in the Philippines

In value terms, travelling wool rug production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible increase. The pace of growth was the most pronounced in 2018 with an increase of 252%. Travelling wool rug production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Travelling Wool Rug Exports

Exports from the Philippines

In 2022, travelling wool rug exports from the Philippines declined remarkably to X units, waning by -57% on the year before. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 1,126%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports declined dramatically to $X in 2022. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by 318% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for travelling wool rug exports from the Philippines, with a approx. 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -45.0%.

In value terms, the United States ($X) emerged as the key foreign market for blankets and travelling rugs of wool exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -43.7%.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, dropping by -97.6% against the previous year. Over the period under review, the export price saw a dramatic decrease. The most prominent rate of growth was recorded in 2017 an increase of 62% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +49.7% per year.

Travelling Wool Rug Imports

Imports into the Philippines

In 2022, approx. X units of blankets and travelling rugs of wool were imported into the Philippines; with a decrease of -83.2% on the previous year's figure. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 2,444%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, travelling wool rug imports shrank rapidly to $X in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 3,104% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of travelling wool rug to the Philippines, accounting for a 70% share of total imports. Moreover, travelling wool rug imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +59.4%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of wool to the Philippines, comprising 86% of total imports. The second position in the ranking was held by South Korea ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +28.9%.

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, growing by 91% against the previous year. In general, the import price showed significant growth. The most prominent rate of growth was recorded in 2017 an increase of 130%. The import price peaked at $X per unit in 2020; however, from 2021 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 South Korea totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+37.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and travelling rugs of wool in the world?

The countries with the highest volumes of travelling wool rug consumption in 2021 were China, the United States and India, together accounting for 29% of global consumption. Turkey, Russia, Germany, Pakistan, Nigeria, Brazil, Indonesia, Bangladesh, Japan and Mexico lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of blankets and travelling rugs of wool in the world?

China remains the largest travelling wool rug producing country worldwide, accounting for 17% of total volume. Moreover, travelling wool rug production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.1% share.

What are the leading suppliers of blankets and travelling rugs of wool to the Philippines?

In value terms, Hong Kong SAR constituted the largest supplier of travelling wool rug to the Philippines, comprising 70% of total imports. The second position in the ranking was occupied by Malaysia, with a 29% share of total imports.

What is the average export price for blankets and travelling rugs of wool in the Philippines?

The average travelling wool rug export price stood at $44 per unit in 2021, reducing by -65.8% against the previous year.

What is the average import price for blankets and travelling rugs of wool in the Philippines?

In 2021, the average travelling wool rug import price amounted to $1,434 per unit, rising by 3,182% against the previous year.

This report provides an in-depth analysis of the travelling wool rug market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023