Algeria: Travelling Wool Rug Market 2024

Travelling Wool Rug Market Size in Algeria

The Algerian travelling wool rug market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2019 indices. Travelling wool rug consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Travelling Wool Rug Production in Algeria

In value terms, travelling wool rug production amounted to $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 -1.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 50%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Travelling Wool Rug Exports

Exports from Algeria

In 2022, shipments abroad of blankets and travelling rugs of wool decreased by 0% to X units, falling for the fifth year in a row after two years of growth. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 550% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, travelling wool rug exports rose to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,487%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Niger (X units) was the main destination for travelling wool rug exports from Algeria, with a approx. 94% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger totaled +22.3%.

In value terms, Niger ($X) also remains the key foreign market for blankets and travelling rugs of wool exports from Algeria.

From 2012 to 2022, the average annual growth rate of value to Niger totaled +18.4%.

Export Prices by Country

The average travelling wool rug export price stood at $X per unit in 2022, increasing by 6.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 651% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -3.2% per year.

Travelling Wool Rug Imports

Imports into Algeria

After six years of growth, overseas purchases of blankets and travelling rugs of wool decreased by -7.2% to X units in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 105%. Over the period under review, imports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, travelling wool rug imports declined dramatically to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 139%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Egypt (X units), the United Arab Emirates (X units) and Turkey (X units) were the main suppliers of travelling wool rug imports to Algeria, together comprising 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +89.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constituted the largest supplier of blankets and travelling rugs of wool to Algeria, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt totaled +77.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+101.9% per year) and Turkey (+93.3% per year).

Import Prices by Country

In 2022, the average travelling wool rug import price amounted to $X per unit, declining by -16.3% against the previous year. In general, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 120% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 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 Egypt ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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