U.S.: Horsehair Market 2022

Horsehair Market Size in the U.S.

In 2021, after two years of growth, there was significant decline in the U.S. horsehair market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed a perceptible increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted markedly in the following year.

Horsehair Production in the U.S.

In value terms, horsehair production fell modestly to $X in 2021. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Horsehair Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of horsehair, when their volume increased by X% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports soared to $X in 2021. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X tons) was the main destination for horsehair exports from the United States, accounting for a X% share of total exports. Moreover, horsehair exports to South Africa exceeded the volume sent to the second major destination, Canada (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the UK (-X% per year).

In value terms, South Africa ($X) remains the key foreign market for horsehair exports from the United States, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Canada (+X% per year).

Export Prices by Country

The average horsehair export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Horsehair Imports

Imports into the U.S.

Horsehair imports into the United States surged to X tons in 2021, increasing by X% on 2020 figures. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, horsehair imports surged to $X in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons), Portugal (X tons) and Belgium (X tons) were the main suppliers of horsehair imports to the United States, together comprising X% of total imports.

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

In value terms, Portugal ($X), Belgium ($X) and Peru ($X) constituted the largest horsehair suppliers to the United States, with a combined X% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average horsehair import price amounted to $X per ton, which is down by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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