Central Asia: Horsehair Market 2022

Horsehair Market Size in Central Asia

For the fourth consecutive year, the Central Asian horsehair market recorded growth in sales value, which increased by X% to $X in 2021. The total consumption indicated a tangible increase from 2012 to 2021: its value 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, consumption increased by +X% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Horsehair Production in Central Asia

In value terms, horsehair production reduced slightly to $X in 2021 estimated in export price. Overall, production showed a mild contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

The countries with the highest volumes of horsehair production in 2021 were Kazakhstan (X tons), Turkmenistan (X tons) and Uzbekistan (X tons), together accounting for X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkmenistan (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Horsehair Exports

Exports in Central Asia

In 2021, overseas shipments of horsehair decreased by -X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, horsehair exports plummeted to $X in 2021. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkmenistan (X tons) represented the key exporter of horsehair, making up X% of total exports. Kazakhstan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%).

Exports from Turkmenistan increased at an average annual rate of +X% from 2012 to 2021. At the same time, Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +X% from 2012-2021. By contrast, Kazakhstan (-X%) illustrated a downward trend over the same period. While the share of Turkmenistan (+X p.p.) and Kyrgyzstan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-X p.p.) displayed negative dynamics.

In value terms, Turkmenistan ($X) remains the largest horsehair supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

In Turkmenistan, horsehair exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (-X% per year) and Kyrgyzstan (-X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced setback. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-X%), while the other leaders experienced a decline in the export price figures.

Horsehair Imports

Imports in Central Asia

In 2021, approx. X tons of horsehair were imported in Central Asia; increasing by X% compared with the year before. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, horsehair imports soared to $X in 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Mongolia (X tons) was the major importer of horsehair, constituting X% of total imports. It was distantly followed by Kazakhstan (X tons) and Kyrgyzstan (X tons), together comprising a X% share of total imports.

Mongolia was also the fastest-growing in terms of the horsehair imports, with a CAGR of +X% from 2012 to 2021. At the same time, Kazakhstan (+X%) displayed positive paces of growth. By contrast, Kyrgyzstan (-X%) illustrated a downward trend over the same period. While the share of Mongolia (+X p.p.) and Kyrgyzstan (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-X p.p.) displayed negative dynamics.

In value terms, Mongolia ($X) constitutes the largest market for imported horsehair in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total imports.

In Mongolia, horsehair imports increased at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+X% per year) and Kazakhstan (-X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, dropping by less than X% against the previous year. Import price indicated temperate 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 2018 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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