China: Horsehair Market 2022

Horsehair Market Size in China

The Chinese horsehair market skyrocketed to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Horsehair Exports

Exports from China

In 2021, shipments abroad of horsehair decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports showed a dramatic decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports reduced remarkably to $X in 2021. In general, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for horsehair exports from China, accounting for a X% share of total exports. It was followed by Germany (X tons), with less than X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at -X%.

In value terms, India ($X) emerged as the key foreign market for horsehair exports from China, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with less than X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -X%.

Export Prices by Country

The average horsehair export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined notably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%).

Horsehair Imports

Imports into China

In 2021, purchases abroad of horsehair was finally on the rise to reach X tons after two years of decline. In general, imports posted a temperate increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, horsehair imports expanded significantly to $X in 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Mongolia (X tons) constituted the largest supplier of horsehair to China, accounting for a X% share of total imports. Moreover, horsehair imports from Mongolia exceeded the figures recorded by the second-largest supplier, Turkmenistan (X tons), threefold. Kazakhstan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Mongolia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkmenistan (+X% per year) and Kazakhstan (+X% per year).

In value terms, Mongolia ($X) constituted the largest supplier of horsehair to China, comprising X% of total imports. The second position in the ranking was held by Turkmenistan ($X), with less than X% share of total imports. It was followed by Afghanistan, with less than X% share.

From 2012 to 2021, the average annual growth rate of value from Mongolia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkmenistan (+X% per year) and Afghanistan (-X% per year).

Import Prices by Country

The average horsehair import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mongolia ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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