Greece: Horsehair Market Overview 2021

Horsehair Market Size in Greece

The Greek horsehair market reduced sharply to $X in 2020, waning by -X% against the previous year. In general, consumption continues to indicate a deep setback. The growth pace was the most rapid in 2009 when the market value increased by X% against the previous year. Horsehair consumption peaked at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Horsehair Production in Greece

In value terms, horsehair production totaled $X in 2020 estimated in export prices. Overall, the total production indicated mild growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 when the production volume increased by X% against the previous year. Horsehair production peaked at $X in 2010; however, from 2011 to 2020, production stood at a somewhat lower figure.

The average yield of horsehair in Greece stood at X kg per head in 2020, almost unchanged from the previous year. In general, the yield saw a relatively flat trend pattern.

In 2020, approx. X head of animals slaughtered for horsehair production in Greece; approximately equating the previous year. Over the period under review, the number of producing animals saw a relatively flat trend pattern.

Horsehair Exports

Exports from Greece

In 2020, shipments abroad of horsehair increased by X% to X tonnes, rising for the fifth consecutive year after three years of decline. Over the period under review, exports enjoyed a resilient increase. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, horsehair exports fell sharply to $X in 2020. Overall, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Turkey (X tonnes) was the main destination for horsehair exports from Greece, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Turkey totaled +X%.

In value terms, Turkey ($X) also remains the key foreign market for horsehair exports from Greece.

From 2007 to 2020, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average horsehair export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne, and then declined rapidly in the following year.

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

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

Horsehair Imports

Imports into Greece

In 2020, imports of horsehair into Greece soared to X kg, surging by X% against the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X kg in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, horsehair imports skyrocketed to $X in 2020. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Italy (X kg) was the main horsehair supplier to Greece, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Italy totaled +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Italy stood at +X%.

Import Prices by Country

In 2020, the average horsehair import price amounted to $X per tonne, picking up by X% against the previous year. In general, the import price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2008 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform