Portugal: Horsehair Market 2022

Horsehair Market Size in Portugal

For the third consecutive year, the Portuguese horsehair market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption faced a precipitous decrease. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Horsehair Production in Portugal

In value terms, horsehair production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Horsehair Exports

Exports from Portugal

In 2021, approx. X tons of horsehair were exported from Portugal; growing by X% on the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, horsehair exports surged to $X in 2021. In general, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for horsehair exports from Portugal, accounting for a X% share of total exports. Moreover, horsehair exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was held by Bolivia (X tons), with an X% share.

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

In value terms, the United States ($X) remains the key foreign market for horsehair exports from Portugal, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Australia, with an X% share.

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

Export Prices by Country

In 2021, the average horsehair export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. 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 2016 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 China (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Horsehair Imports

Imports into Portugal

After two years of decline, overseas purchases of horsehair increased by X% to X tons in 2021. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, horsehair imports reduced to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons) and the UK (X tons) were the main suppliers of horsehair imports to Portugal.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X value terms, China ($X) constituted the largest supplier of horsehair to Portugal, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

The average horsehair import price stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, horsehair import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2020, and then reduced remarkably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :