New Zealand: Horsehair Market 2022

Horsehair Market Size in New Zealand

In 2021, the New Zealand horsehair market decreased by less than X% to $X, falling for the third year in a row after four years of growth. In general, consumption, however, continues to indicate modest growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Horsehair Production in New Zealand

In value terms, horsehair production rose rapidly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Horsehair Exports

Exports from New Zealand

In 2021, after six years of decline, there was significant growth in overseas shipments of horsehair, when their volume increased by X% to X tons. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, horsehair exports skyrocketed to $X in 2021. In general, exports, however, showed a slight reduction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) was the main destination for horsehair exports from New Zealand, with a X% share of total exports. Moreover, horsehair exports to South Africa exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for horsehair exported from New Zealand were China ($X), South Africa ($X) and Saudi Arabia ($X), together accounting for X% of total exports. South Korea and the United States lagged somewhat behind, together comprising a further X the main countries of destination, South Korea, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average horsehair export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Horsehair Imports

Imports into New Zealand

In 2021, overseas purchases of horsehair increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a temperate expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, horsehair imports surged to $X in 2021. In general, imports enjoyed a strong expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) was the main supplier of horsehair to New Zealand, accounting for a X% share of total imports. Moreover, horsehair imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled +X%.

In value terms, Australia ($X) constituted the largest supplier of horsehair to New Zealand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia amounted to +X%.

Import Prices by Country

In 2021, the average horsehair import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horsehair import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Source: IndexBox Platform

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