Latin America and the Caribbean: Horsehair Market 2022

Horsehair Market Size in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in the Latin American horsehair market, when its value decreased by -X% to $X. Over the period under review, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Horsehair Production in Latin America and the Caribbean

In value terms, horsehair production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then dropped in the following year.

The country with the largest volume of horsehair production was Peru (X tons), accounting for X% of total volume. Moreover, horsehair production in Peru exceeded the figures recorded by the second-largest producer, Paraguay (X tons), threefold. Argentina (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Peru stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Paraguay (+X% per year) and Argentina (+X% per year).

Horsehair Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of horsehair increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a prominent increase. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports skyrocketed to $X in 2021. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru was the main exporter of horsehair in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2021. Argentina (X tons) ranks second in terms of the total exports with a X% share, followed by Paraguay (X%). Bolivia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest horsehair supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Peru totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Paraguay (+X% per year) and Argentina (-X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+X%), while the other leaders experienced mixed trends in the export price figures.

Horsehair Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of horsehair decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated modest growth from 2012 to 2021: its volume 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. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, horsehair imports dropped to $X in 2021. Overall, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Saint Lucia (X tons) and Bolivia (X tons) were the key importers of horsehair in Latin America and the Caribbean, together committing X% of total imports. Panama (X tons) held the next position in the ranking, followed by Haiti (X tons). All these countries together took approx. X% share of total imports. The following importers - Mexico (X tons), Saint Kitts and Nevis (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Haiti (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) constitutes the largest market for imported horsehair in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Panama ($X), with less than X% share of total imports. It was followed by Saint Kitts and Nevis, with less than X% share.

In Bolivia, horsehair imports plunged by 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: Panama (+X% per year) and Saint Kitts and Nevis (+X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Bolivia ($X per ton), while Saint Lucia ($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 Dominican Republic (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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