Horsehair Price in Estonia - 2023

Horsehair Price in Estonia (CIF) - 2022

In 2022, the average horsehair import price amounted to $2,325 per ton, which is down by -82.5% against the previous year. In general, the import price faced a sharp downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $37,233 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Lithuania.

From 2013 to 2022, the rate of growth in terms of prices for Lithuania amounted to +17.6% per year.

Horsehair Price in Estonia (FOB) - 2022

In 2022, the average horsehair export price amounted to $2,316 per ton, waning by -2.1% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 an increase of 6.6%. As a result, the export price attained the peak level of $2,367 per ton, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Lithuania.

From 2020 to 2022, the rate of growth in terms of prices for Lithuania amounted to +3.2% per year.

Horsehair Imports in Estonia

In 2022, approx. 755 kg of horsehair were imported into Estonia; dropping by -76.8% on the previous year. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 258% against the previous year. As a result, imports reached the peak of 3.3 tons, and then fell rapidly in the following year.

In value terms, horsehair imports reduced remarkably to $1.8K in 2022. Overall, imports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 241% against the previous year. As a result, imports attained the peak of $43K, and then fell rapidly in the following year.

Import of Horsehair in Estonia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	N/A	0.6	2.1	1.8	73.2%
China	2.4	N/A	N/A	N/A	0%
Germany	3.6	N/A	N/A	N/A	0%
Italy	N/A	10.7	41.1	N/A	284.1%
Others	13.9	1.4	N/A	N/A	-89.9%
Total	19.8	12.7	43.2	1.8	-55.0%

Top Suppliers of Horsehair to Estonia in 2022:

Lithuania (755.0 kg)

Horsehair Exports in Estonia

After two years of growth, overseas shipments of horsehair decreased by -22.8% to 455 kg in 2022. Over the period under review, total exports indicated a prominent expansion from 2020 to 2022: its volume increased at an average annual rate of +19.1% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 83%. As a result, the exports attained the peak of 589 kg, and then dropped dramatically in the following year.

In value terms, horsehair exports reduced notably to $1.1K in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 96%. As a result, the exports attained the peak of $1.4K, and then contracted markedly in the following year.