Colombia: Horsehair Market Overview 2021

Horsehair Market Size in Colombia

The Colombian horsehair market was finally on the rise to reach $X in 2020, after five years of decline. In general, consumption, however, faced a drastic downturn. Horsehair consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Horsehair Exports

Exports from Colombia

In 2020, after three years of decline, there was decline in shipments abroad of horsehair, when their volume decreased by X% to X kg. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X kg in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, horsehair exports stood at $X in 2020. Over the period under review, exports faced a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X kg) was the main destination for horsehair exports from Colombia, with a approx. X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to the U.S. was relatively modest.

In value terms, the U.S. ($X) also remains the key foreign market for horsehair exports from Colombia.

From 2007 to 2017, the average annual rate of growth in terms of value to the U.S. stood at -X%.

Export Prices by Country

In 2017, the average horsehair export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2014 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2015 to 2017, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2017, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Horsehair Imports

Imports into Colombia

In 2020, overseas purchases of horsehair were finally on the rise to reach X tonnes for the first time since 2014, thus ending a five-year declining trend. Overall, imports, however, faced a abrupt decline. Over the period under review, imports reached the maximum at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, horsehair imports declined notably to $X in 2020. In general, imports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Spain (X tonnes) was the main horsehair supplier to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to -X%.

In value terms, Spain ($X) constituted the largest supplier of horsehair to Colombia.

From 2007 to 2020, the average annual growth rate of value from Spain totaled -X%.

Import Prices by Country

The average horsehair import price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2019 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne, and then dropped significantly in the following year.

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

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform