EU: Horsehair Market 2022

Horsehair Market Size in the EU

The EU horsehair market surged to $X in 2021, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Horsehair Production in the EU

In value terms, horsehair production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

The country with the largest volume of horsehair production was Belgium (X tons), accounting for X% of total volume. Moreover, horsehair production in Belgium exceeded the figures recorded by the second-largest producer, Ireland (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Belgium was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Ireland (+X% per year) and the Netherlands (+X% per year).

Horsehair Exports

Exports in the EU

Horsehair exports dropped notably to X tons in 2021, waning by -X% against the year before. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium represented the major exporter of horsehair in the European Union, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2021. It was distantly followed by Germany (X tons), France (X tons) and Italy (X tons), together achieving a X% share of total exports. The following exporters - Portugal (X tons) and the Netherlands (X tons) - each resulted at a less than X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to horsehair exports from Belgium stood at -X%. At the same time, France (+X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. Portugal experienced a relatively flat trend pattern. By contrast, Italy (-X%), Germany (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium and France increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest horsehair supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Italy, horsehair exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Belgium (-X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by X% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the other leaders experienced more modest paces of growth.

Horsehair Imports

Imports in the EU

After three years of decline, purchases abroad of horsehair increased by X% to X tons in 2021. In general, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, horsehair imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) represented the major importer of horsehair, generating X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%). The following importers - France (X tons) and Ireland (X tons) - together made up less than X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to horsehair imports into Italy stood at +X%. At the same time, France (+X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Germany (-X%), Ireland (-X%) and Belgium (-X%) illustrated a downward trend over the same period. Italy (+X p.p.) and France (less than X p.p.) significantly strengthened its position in terms of the total imports, while Ireland, Germany and Belgium saw its share reduced by less than X%, less than X% and -X% from 2012 to 2021, respectively.

In value terms, Italy ($X) constitutes the largest market for imported horsehair in the European Union, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with less than X% share of total imports. It was followed by France, with less than X% share.

In Italy, horsehair imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by X% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horsehair import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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