Colombia: Horsehair Market Overview 2021

Horsehair Market Size in Colombia

In 2019, the Colombian horsehair market decreased by -X% to $X, falling for the fifth consecutive year after four years of growth. In general, consumption showed a abrupt descent. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Horsehair consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Horsehair Exports

Exports from Colombia

In 2019, exports of horsehair from Colombia shrank markedly to X kg, which is down by -X% on the previous year's figure. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X kg in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, horsehair exports dropped remarkably to $X in 2019. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

From 2007 to 2019, the average annual growth rate of volume to No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Horsehair Imports

Imports into Colombia

In 2019, purchases abroad of horsehair decreased by -X% to X tonnes, falling for the fifth consecutive year after four years of growth. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, horsehair imports fell dramatically to $X in 2019. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tonnes), Portugal (X tonnes) and Belgium (X kg) were the main suppliers of horsehair imports to Colombia, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Belgium, while purchases for the other leaders experienced a decline.

In value terms, Spain ($X), Portugal ($X) and Belgium ($X) were the largest horsehair suppliers to Colombia.

Belgium saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average horsehair import price amounted to $X per tonne, remaining stable against the previous year. Overall, the import price recorded noticeable growth. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horsehair in the world?

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China (23K tonnes) constituted the country with the largest volume of horsehair consumption, accounting for 70% of total volume. Moreover, horsehair consumption in China exceeded the figures recorded by the second-largest consumer, Belgium (1.4K tonnes), more than tenfold. The third position in this ranking was occupied by Iran (1.2K tonnes), with a 3.6% share.

What are the largest producers of horsehair in the world?

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The countries with the highest volumes of horsehair production in 2019 were Belgium (2K tonnes), Iran (1.3K tonnes) and Afghanistan (1.2K tonnes), with a combined 44% share of global production. These countries were followed by Kazakhstan, Lesotho, the U.S., Peru, Kyrgyzstan, New Zealand, Uruguay, Mali, Uzbekistan and Turkmenistan, which together accounted for a further 45%.

What are the leading suppliers of horsehair to Colombia?

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In value terms, the largest horsehair suppliers to Colombia were Spain ($44K), Portugal ($32K) and Belgium ($14K).

What is the average import price for horsehair in Colombia?

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In 2019, the average horsehair import price amounted to $10,959 per tonne, remaining relatively unchanged against the previous year.