Singapore: Travelling Wool Rug Market 2025

Travelling Wool Rug Market Size in Singapore

In 2022, after two years of decline, there was growth in the Singaporean travelling wool rug market, when its value increased by 4.3% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Travelling Wool Rug Production in Singapore

In value terms, travelling wool rug production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 32%. Travelling wool rug production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Travelling Wool Rug Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in shipments abroad of blankets and travelling rugs of wool, when their volume decreased by -24.7% to X units. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 245% against the previous year. The exports peaked at X units in 2021, and then fell notably in the following year.

In value terms, travelling wool rug exports surged to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 294%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Japan (X units) was the main destination for travelling wool rug exports from Singapore, accounting for a 43% share of total exports. Moreover, travelling wool rug exports to Japan exceeded the volume sent to the second major destination, Indonesia (X units), threefold. The third position in this ranking was taken by Australia (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+8.6% per year) and Australia (+65.5% per year).

In value terms, Japan ($X) remains the key foreign market for blankets and travelling rugs of wool exports from Singapore, comprising 43% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 14% share of total exports. It was followed by Australia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +73.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+19.9% per year) and Australia (+82.8% per year).

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, rising by 84% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to South Korea ($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 Thailand (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Singapore

After two years of growth, overseas purchases of blankets and travelling rugs of wool decreased by -15.1% to X units in 2022. Over the period under review, imports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 68% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then plummeted in the following year.

In value terms, travelling wool rug imports rose significantly to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The UK (X units), Italy (X units) and France (X units) were the main suppliers of travelling wool rug imports to Singapore, together comprising 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travelling wool rug suppliers to Singapore were the UK ($X), Italy ($X) and France ($X), together comprising 89% of total imports.

France, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by 28% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and the UK ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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