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Western Africa - Horsehair - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Horsehair Market 2022

Horsehair Market Size in Western Africa

The West African horsehair market rose significantly to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Horsehair Production in Western Africa

In value terms, horsehair production totaled $X in 2021 estimated in export price. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

The country with the largest volume of horsehair production was Mali (X tons), comprising approx. X% of total volume.

In Mali, horsehair production expanded at an average annual rate of +X% over the period from 2012-2021.

Horsehair Exports

Exports in Western Africa

In 2021, shipments abroad of horsehair increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, horsehair exports rose markedly to $X in 2021. Over the period under review, exports saw a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria represented the main exporter of horsehair in Western Africa, with the volume of exports recording X tons, which was approx. X% of total exports in 2021. It was distantly followed by Ghana (X kg), making up a X% share of total exports.

Nigeria was also the fastest-growing in terms of the horsehair exports, with a CAGR of +X% from 2012 to 2021. Ghana (-X%) illustrated a downward trend over the same period. percentage points. Ghana (-X p.p.) saw their shares reduced.

In value terms, Nigeria ($X) remains the largest horsehair supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria was relatively modest.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price, however, saw a notable expansion. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Ghana ($X per ton), while Nigeria totaled $X per ton.

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

Horsehair Imports

Imports in Western Africa

In 2021, after three years of growth, there was significant decline in purchases abroad of horsehair, when their volume decreased by -X% to X tons. Overall, imports recorded a slight descent. The pace of growth appeared the most rapid in 2019 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 fell remarkably in the following year.

In value terms, horsehair imports fell notably to $X in 2021. Over the period under review, imports recorded a sharp setback. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Gambia prevails in imports structure, finishing at X tons, which was near X% of total imports in 2021. It was distantly followed by Nigeria (X kg), creating a X% share of total imports.

Gambia was also the fastest-growing in terms of the horsehair imports, with a CAGR of +X% from 2012 to 2021. Nigeria (-X%) illustrated a downward trend over the same period. percentage points. Nigeria (-X p.p.) saw their shares reduced.

In value terms, Nigeria ($X) constitutes the largest market for imported horsehair in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Gambia ($X), with less than X% share of total imports.

In Nigeria, horsehair imports declined by an average annual rate of -X% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a dramatic decline. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Gambia stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horsehair in Western Africa?

Mali constituted the country with the largest volume of horsehair consumption, accounting for 98% of total volume. It was followed by Benin, with a 2.3% share of total consumption.

What are the largest producers of horsehair in Western Africa?

The country with the largest volume of horsehair production was Mali, accounting for 100% of total volume.

What are the leading suppliers of horsehair in Western Africa?

In value terms, Nigeria emerged as the largest horsehair supplier in Western Africa, comprising 68% of total exports. The second position in the ranking was occupied by Ghana $917), with a 32% share of total exports.

What are the leading importers of horsehair in Western Africa?

In value terms, Benin constitutes the largest market for imported horsehair in Western Africa, comprising 64% of total imports. The second position in the ranking was occupied by Gambia, with a 30% share of total imports.

What is the average export price for horsehair in Western Africa?

The horsehair export price in Western Africa stood at $1,952 per ton in 2020, dropping by -54% against the previous year.

What is the average import price for horsehair in Western Africa?

In 2020, the horsehair import price in Western Africa amounted to $202 per ton, increasing by 626% against the previous year.

This report provides an in-depth analysis of the horsehair market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1030 - Fine goat hair
FCL 1031 - Coarse goat hair
FCL 1100 - Hair of horses
FCL 1218 - Hair, fine
FCL 1219 - Hair, coarse nes

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Producing Animals, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Producing Animals, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Producing Animals, By Country, 2024
25. Producing Animals, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024