Switzerland: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Switzerland

After three years of growth, the Swiss travelling wool rug market decreased by -2.5% to $X in 2022. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +89.8% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced slightly in the following year.

Travelling Wool Rug Production in Switzerland

In value terms, travelling wool rug production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. Travelling wool rug production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Travelling Wool Rug Exports

Exports from Switzerland

In 2022, the amount of blankets and travelling rugs of wool exported from Switzerland surged to X units, increasing by 34% against the previous year. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 62%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, travelling wool rug exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 86% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for travelling wool rug exports from Switzerland, with a 47% share of total exports. Moreover, travelling wool rug exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.4% per year) and the United Arab Emirates (+65.8% per year).

In value terms, the largest markets for travelling wool rug exported from Switzerland were Germany ($X), the United States ($X) and Italy ($X), with a combined 49% share of total exports. China, the United Arab Emirates, Japan, France, Hong Kong SAR, the UK, Poland and the Netherlands lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Poland, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average travelling wool rug export price amounted to $X per unit, shrinking by -10.6% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 decreased by -34.4% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 62%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Germany ($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 Hong Kong SAR (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Travelling Wool Rug Imports

Imports into Switzerland

In 2022, the amount of blankets and travelling rugs of wool imported into Switzerland skyrocketed to X units, with an increase of 17% on the previous year's figure. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, travelling wool rug imports rose rapidly to $X in 2022. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest travelling wool rug supplier to Switzerland, with a 34% share of total imports. Moreover, travelling wool rug imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and China (+17.9% per year).

In value terms, the largest travelling wool rug suppliers to Switzerland were Italy ($X), the UK ($X) and Germany ($X), together comprising 64% of total imports. China, Lithuania, France, Peru, Austria, India, Latvia, Portugal, Turkey and Bulgaria lagged somewhat behind, together comprising a further 23%.

Latvia, with a CAGR of +39.7%, recorded the highest growth rate of 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, waning by -9.7% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 decreased by -13.5% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 51%. The import price peaked at $X per unit in 2020; however, from 2021 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 the UK ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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