Report Update Feb 1, 2025

Ghana - Horsehair - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Horsehair Market 2022

Horsehair Market Size in Ghana

In 2021, the Ghanian horsehair market decreased by less than X% to $X for the first time since 2013, thus ending a seven-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value 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, consumption increased by +X% against 2013 indices. Horsehair consumption peaked at $X in 2020, and then dropped slightly in the following year.

Horsehair Production in Ghana

In value terms, horsehair production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value 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, production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020, and then shrank modestly in the following year.

Horsehair Exports

Exports from Ghana

In 2021, after three years of decline, there was growth in shipments abroad of horsehair, when their volume increased by less than X% to X kg. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports stood at $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X kg), the UK (X kg) and China (X kg) were the main destinations of horsehair exports from Ghana, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), the UK ($X) and China ($X) appeared to be the largest markets for horsehair exported from Ghana worldwide, together comprising X% of total exports.

Italy, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average horsehair export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Horsehair Imports

Imports into Ghana

In value terms, horsehair imports totaled less than $X in 2021. Over the period under review, imports faced a sharp contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2017, Iran (X kg) was the main supplier of horsehair to Ghana, accounting for a approx. X% share of total imports.

From 2012 to 2017, the average annual growth rate of volume from Iran stood at -X%.

In value terms, Iran ($X) constituted the largest supplier of horsehair to Ghana.

From 2012 to 2017, the average annual rate of growth in terms of value from Iran totaled -X%.

Import Prices by Country

In 2017, the average horsehair import price amounted to $X per ton, increasing by less than X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2017, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Iran.

From 2012 to 2017, the rate of growth in terms of prices for Iran amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horsehair in the world?

The country with the largest volume of horsehair consumption was China, comprising approx. 50% of total volume. Moreover, horsehair consumption in China exceeded the figures recorded by the second-largest consumer, Italy, sevenfold. Kazakhstan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of horsehair in the world?

The countries with the highest volumes of horsehair production in 2020 were Kazakhstan, Uzbekistan and Belgium, with a combined 34% share of global production. These countries were followed by Turkmenistan, Mali, Iran, Afghanistan, Turkey, the U.S., Pakistan, Peru, Germany and Kyrgyzstan, which together accounted for a further 53%.

What are the leading suppliers of horsehair to Ghana?

In value terms, Iran $79) constituted the largest supplier of horsehair to Ghana.

What are the leading importers of horsehair from Ghana?

In value terms, the UK $637) remains the key foreign market for horsehair exports from Ghana, comprising 69% of total exports. The second position in the ranking was occupied by Italy $240), with a 26% share of total exports.

What is the average export price for horsehair in Ghana?

In 2020, the average horsehair export price amounted to $4,608 per ton, with an increase of 8.6% against the previous year.

What is the average import price for horsehair in Ghana?

In 2017, the average horsehair import price amounted to $4,389 per ton, with an increase of 1.7% against the previous year.

This report provides an in-depth analysis of the horsehair market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1030 - Fine goat hair
FCL 1031 - Coarse goat hair
FCL 1100 - Hair of horses
FCL 1218 - Hair, fine
FCL 1219 - Hair, coarse nes

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024