Peru: Horsehair Market Overview 2021

Horsehair Market Size in Peru

The Peruvian horsehair market soared to $X in 2019, jumping by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Horsehair Production in Peru

In value terms, horsehair production dropped to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

The average yield of horsehair in Peru totaled X kg per head in 2019, almost unchanged from the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern.

The number of animals slaughtered for horsehair production in Peru stood at X head in 2019, remaining constant against the previous year's figure. In general, the number of producing animals continues to indicate a relatively flat trend pattern.

Horsehair Exports

Exports from Peru

In 2019, approx. X tonnes of horsehair were exported from Peru; shrinking by -X% against 2018 figures. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, horsehair exports declined significantly to $X in 2019. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

China (X tonnes) was the main destination for horsehair exports from Peru, accounting for a X% share of total exports. Moreover, horsehair exports to China exceeded the volume sent to the second major destination, Italy (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Germany (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2019, the average horsehair export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Horsehair Imports

Imports into Peru

For the fourth consecutive year, Peru recorded decline in purchases abroad of horsehair, which decreased by -X% to X tonnes in 2019. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, horsehair imports contracted to $X in 2019. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest supplier of horsehair to Peru, accounting for a X% share of total imports. Moreover, horsehair imports from the U.S. exceeded the figures recorded by the second-largest supplier, Argentina (X kg), sevenfold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-X% per year) and Canada (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Argentina totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Canada (-X% per year).

Import Prices by Country

The average horsehair import price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Argentina ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horsehair in the world?

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The country with the largest volume of horsehair consumption was China (23K tonnes), comprising approx. 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. Kazakhstan, Lesotho, the U.S., Peru, Kyrgyzstan, New Zealand, Uruguay, Mali, Uzbekistan and Turkmenistan lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of horsehair to Peru?

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In value terms, Argentina ($59K) constituted the largest supplier of horsehair to Peru, comprising 67% of total imports. The second position in the ranking was occupied by the U.S. ($26K), with a 29% share of total imports.

What are the leading importers of horsehair from Peru?

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In value terms, Italy ($3.3M) emerged as the key foreign market for horsehair exports from Peru, comprising 72% of total exports. The second position in the ranking was occupied by China ($967K), with a 21% share of total exports. It was followed by Germany, with a 4.3% share.

What is the average export price for horsehair in Peru?

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The average horsehair export price stood at $9,931 per tonne in 2019, shrinking by -4% against the previous year.

What is the average import price for horsehair in Peru?

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In 2019, the average horsehair import price amounted to $25,114 per tonne, rising by 107% against the previous year.