South Africa: Horsehair Market 2022

Horsehair Market Size in South Africa

After two years of growth, the South African horsehair market decreased by -X% to $X in 2021. Overall, consumption, however, saw a significant increase. Horsehair consumption peaked at $X in 2020, and then fell significantly in the following year.

Horsehair Exports

Exports from South Africa

In 2021, overseas shipments of horsehair increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, horsehair exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for horsehair exports from South Africa, accounting for a X% share of total exports. Moreover, horsehair exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), twofold. China (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for horsehair exported from South Africa were the UK ($X), Italy ($X) and China ($X), together accounting for X% of total exports. Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X (Chinese), with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among 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, growing by X% against the previous year. Overall, export price indicated a resilient 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 export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

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

Horsehair Imports

Imports into South Africa

In 2021, after two years of growth, there was significant decline in purchases abroad of horsehair, when their volume decreased by -X% to X tons. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, horsehair imports expanded to $X in 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Lesotho (X tons) constituted the largest horsehair supplier to South Africa, accounting for a X% share of total imports. Moreover, horsehair imports from Lesotho exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Australia (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 Lesotho amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Australia (-X% per year).

In value terms, Lesotho ($X), the United States ($X) and Australia ($X) were the largest horsehair suppliers to South Africa, with a combined X% share of total imports.

Among the main suppliers, Lesotho, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average horsehair import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :