Peru: Horsehair Market 2022

Horsehair Market Size in Peru

In 2021, after two years of growth, there was significant decline in the Peruvian horsehair market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a deep setback. Horsehair consumption peaked at $X in 2020, and then dropped notably in the following year.

Horsehair Production in Peru

In value terms, horsehair production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Horsehair Exports

Exports from Peru

In 2021, after two years of decline, there was significant growth in shipments abroad of horsehair, when their volume increased by X% to X tons. In general, exports showed a resilient expansion. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, horsehair exports skyrocketed to $X in 2021. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for horsehair exports from Peru, with a X% share of total exports. Moreover, horsehair exports to China exceeded the volume sent to the second major destination, Bolivia (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-X% per year) and the United States (+X% per year).

In value terms, the largest markets for horsehair exported from Peru were Italy ($X), China ($X) and the United States ($X), together comprising X% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average horsehair export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horsehair export price increased by +X% against 2017 indices. 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 for the major foreign markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Horsehair Imports

Imports into Peru

After three years of decline, purchases abroad of horsehair increased by X% to X tons in 2021. Over the period under review, imports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, horsehair imports soared to $X in 2021. Overall, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X kg), the United States (X kg) and Canada (X kg) were the main suppliers of horsehair imports to Peru, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, the largest horsehair suppliers to Peru were Italy ($X), Argentina ($X) and the United States ($X), together accounting for X% of total imports.

Among the main suppliers, Italy, with a CAGR of -X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average horsehair import price stood at $X per ton in 2021, waning by less than X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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