Greece: Horsehair Market Overview 2021

Horsehair Market Size in Greece

The Greek horsehair market skyrocketed to $X in 2019, picking up by X% against the previous year. In general, consumption, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2019, consumption stood at a somewhat lower figure.

Horsehair Production in Greece

In value terms, horsehair production rose sharply to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Horsehair production peaked in 2019 and is expected to retain growth in years to come.

The average yield of horsehair in Greece amounted to X kg per head in 2019, remaining stable against 2018. Overall, the yield showed a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for horsehair production in Greece; remaining stable against the year before. In general, the number of producing animals saw a relatively flat trend pattern.

Horsehair Exports

Exports from Greece

For the third year in a row, Greece recorded decline in overseas shipments of horsehair, which decreased by -X% to X kg in 2019. Overall, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, horsehair exports dropped to $X in 2019. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for horsehair exports from Greece, accounting for a X% share of total exports. Moreover, horsehair exports to Turkey exceeded the volume sent to the second major destination, Italy (X kg), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Turkey stood at -X%.

In value terms, Italy ($X) emerged as the key foreign market for horsehair exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Italy amounted to +X%.

Export Prices by Country

In 2019, the average horsehair export price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2015 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Turkey amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Turkey.

Horsehair Imports

Imports into Greece

In 2019, the amount of horsehair imported into Greece soared to X kg, growing by X% on the previous year's figure. Over the period under review, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

In value terms, horsehair imports soared to $X in 2019. In general, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2010; however, from 2011 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the Netherlands (X kg) constituted the largest supplier of horsehair to Greece, accounting for a X% share of total imports. Moreover, horsehair imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X kg), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from the Netherlands stood at +X%.

In value terms, Italy ($X) constituted the largest supplier of horsehair to Greece, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Italy stood at +X%.

Import Prices by Country

The average horsehair import price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the import price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then dropped in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for the Netherlands totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

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. Iran (1.2K tonnes) ranked third in terms of total consumption 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 Greece?

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In value terms, Italy ($3.2K) constituted the largest supplier of horsehair to Greece, comprising 69% of total imports. The second position in the ranking was occupied by the Netherlands ($1.4K), with a 31% share of total imports.

What are the leading importers of horsehair from Greece?

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In value terms, Italy ($3.6K) emerged as the key foreign market for horsehair exports from Greece, comprising 93% of total exports. The second position in the ranking was occupied by Turkey ($158), with a 4% share of total exports.

What is the average export price for horsehair in Greece?

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The average horsehair export price stood at $90,066 per tonne in 2019, picking up by 19% against the previous year.

What is the average import price for horsehair in Greece?

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In 2019, the average horsehair import price amounted to $15,636 per tonne, declining by -9.4% against the previous year.