Spain: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Spain

In 2022, the Spanish travelling wool rug market increased by 395% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Travelling wool rug consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Travelling Wool Rug Production in Spain

In value terms, travelling wool rug production dropped significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +38.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 78%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Travelling Wool Rug Exports

Exports from Spain

In 2022, shipments abroad of blankets and travelling rugs of wool increased by 32% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 134% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, travelling wool rug exports surged to $X in 2022. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 58%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units), Algeria (X units) and Italy (X units) were the main destinations of travelling wool rug exports from Spain, together accounting for 46% of total exports. Moldova, Poland, the United States, Germany, Portugal, Belgium and the Netherlands lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +171.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Italy ($X) appeared to be the largest markets for travelling wool rug exported from Spain worldwide, together comprising 47% of total exports. Germany, Poland, the Netherlands, Belgium, Portugal, Algeria and Moldova lagged somewhat behind, together comprising a further 28%.

Moldova, with a CAGR of +101.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, waning by -11.5% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug export price increased by +44.1% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 31%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Moldova ($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 Germany (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Spain

In 2022, supplies from abroad of blankets and travelling rugs of wool was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 35%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling wool rug imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and India (X units) were the main suppliers of travelling wool rug imports to Spain, with a combined 81% share of total imports. Portugal, Germany, Poland, France and the UK lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +89.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest travelling wool rug suppliers to Spain were Italy ($X), China ($X) and France ($X), together accounting for 66% of total imports. The UK, India, Portugal, Germany and Poland lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Poland, with a CAGR of +53.3%, 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, standing approx. at the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling wool rug import price increased by +23.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 123% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, 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 France ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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