CIS: Horsehair Market 2022

Horsehair Market Size in CIS

In 2021, the CIS horsehair market increased by X% to $X, rising for the fourth consecutive year after two years of decline. The total consumption indicated measured growth 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 attained the peak level in 2021 and is likely to see gradual growth in the near future.

Horsehair Production in CIS

In value terms, horsehair production dropped modestly to $X in 2021 estimated in export price. In general, production continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

The countries with the highest volumes of horsehair production in 2021 were Kazakhstan (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons), with a combined X% share of total production.

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

Horsehair Exports

Exports in CIS

In 2021, overseas shipments of horsehair decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, horsehair exports fell dramatically to $X in 2021. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) and Kyrgyzstan (X tons) prevails in exports structure, together generating X% of total exports. It was distantly followed by Tajikistan (X tons), mixing up a X% share of total exports. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kyrgyzstan (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Tajikistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

In terms of the main exporting countries, Tajikistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Overall, the export price posted a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the other leaders experienced mixed trends in the export price figures.

Horsehair Imports

Imports in CIS

In 2021, the amount of horsehair imported in the CIS surged to X tons, jumping by X% compared with 2020 figures. Over the period under review, imports recorded a moderate increase. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, horsehair imports skyrocketed to $X in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tons, which reached X% of total imports. Azerbaijan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Russia (X%).

From 2012 to 2021, average annual rates of growth with regard to horsehair imports into Kazakhstan stood at +X%. At the same time, Azerbaijan (+X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2012-2021. By contrast, Kyrgyzstan (-X%) and Russia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Azerbaijan, Kyrgyzstan and Kazakhstan increased by +X, +X and +X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported horsehair in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+X% per year) and Azerbaijan (+X% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

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

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Source: IndexBox Platform

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