Africa: Coarse Animal Hair Market 2024

Coarse Animal Hair Market Size in Africa

The African coarse animal hair market rose remarkably to $X in 2022, with an increase of 5.6% against the previous year. Over the period under review, consumption saw a strong expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Coarse Animal Hair Production in Africa

In value terms, coarse animal hair production expanded to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Coarse Animal Hair Exports

Exports in Africa

In 2022, approx. X tons of coarse animal hair were exported in Africa; dropping by -56.9% compared with the year before. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 395% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, coarse animal hair exports dropped remarkably to $X in 2022. Overall, exports showed a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of 231% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lesotho (X tons) and South Africa (X tons) dominates exports structure, together constituting 90% of total exports. It was distantly followed by Nigeria (X kg), making up an 8.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of -3.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Lesotho ($X) remains the largest coarse animal hair supplier in Africa, comprising 81% of total exports. The second position in the ranking was held by South Africa ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Lesotho totaled +6.9%. In the other countries, the average annual rates were as follows: South Africa (-1.1% per year) and Nigeria (+2.4% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, jumping by 78% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 195% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+15.2%), while the other leaders experienced more modest paces of growth.

Coarse Animal Hair Imports

Imports in Africa

In 2022, purchases abroad of coarse animal hair decreased by -29.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 3,430% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, coarse animal hair imports skyrocketed to $X in 2022. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 804%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of coarse animal hair in Africa, with the volume of imports reaching X tons, which was near 64% of total imports in 2022. Tunisia (X tons) held the second position in the ranking, distantly followed by Swaziland (X kg). All these countries together took approx. 31% share of total imports. The following importers - Zambia (X kg) and Botswana (X kg) - each reached a 3.2% share of total imports.

South Africa was also the fastest-growing in terms of the coarse animal hair imports, with a CAGR of +60.8% from 2012 to 2022. At the same time, Tunisia (+27.4%), Swaziland (+19.3%) and Botswana (+16.4%) displayed positive paces of growth. By contrast, Zambia (-11.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Tunisia and Swaziland increased by +63, +15 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported coarse animal hair in Africa, comprising 78% of total imports. The second position in the ranking was held by Tunisia ($X), with a 13% share of total imports. It was followed by Swaziland, with a 6.3% share.

In South Africa, coarse animal hair imports expanded at an average annual rate of +48.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (+20.1% per year) and Swaziland (+21.0% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of 394% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :