India: Horsehair Market 2022

Horsehair Market Size in India

In 2021, the Indian horsehair market increased by X% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, recorded a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Horsehair Production in India

In value terms, horsehair production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Horsehair production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Horsehair Exports

Exports from India

After two years of decline, shipments abroad of horsehair increased by X% to X tons in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports surged to $X in 2021. Overall, exports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for horsehair exports from India, accounting for a X% share of total exports. Moreover, horsehair exports to China exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Germany (-X% per year).

In value terms, the largest markets for horsehair exported from India were China ($X), the UK ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Thailand, which accounted for a further less than X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average horsehair export price stood at $X per ton in 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($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 Thailand (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Horsehair Imports

Imports into India

In 2021, overseas purchases of horsehair were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, horsehair imports soared to $X in 2021. In general, imports, however, recorded a abrupt slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest horsehair supplier to India, accounting for a X% share of total imports. Moreover, horsehair imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. South Africa (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and South Africa (-X% per year).

In value terms, China ($X) constituted the largest supplier of horsehair to India, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

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

Import Prices by Country

The average horsehair import price stood at $X per ton in 2021, picking up by less than X% against the previous year. Overall, the import price showed a resilient increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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