South-Eastern Asia: Horsehair Market 2022

Horsehair Market Size in South-Eastern Asia

The Southeast Asian horsehair market soared to $X in 2021, growing by X% against the previous year. Overall, consumption, however, saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Horsehair Production in South-Eastern Asia

In value terms, horsehair production fell to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Thailand (X tons) constituted the country with the largest volume of horsehair production, comprising approx. X% of total volume. Moreover, horsehair production in Thailand exceeded the figures recorded by the second-largest producer, Singapore (X tons), twofold.

In Thailand, horsehair production remained relatively stable over the period from 2012-2021.

Horsehair Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of horsehair decreased by -X% to X kg, falling for the third consecutive year after two years of growth. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, horsehair exports contracted sharply to $X in 2021. In general, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia dominates exports structure, resulting at X kg, which was approx. X% of total exports in 2021. It was distantly followed by Indonesia (X kg), generating a X% share of total exports. Thailand (X kg) held a minor share of total exports.

Malaysia was also the fastest-growing in terms of the horsehair exports, with a CAGR of +X% from 2012 to 2021. Indonesia (-X%) and Thailand (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, Malaysia ($X) remains the largest horsehair supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

In Malaysia, horsehair exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced a decline in the export price figures.

Horsehair Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of horsehair were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a pronounced descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, horsehair imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible decline. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) represented the major importer of horsehair, constituting X% of total imports. Indonesia (X tons) held the second position in the ranking, followed by Myanmar (X tons) and Cambodia (X tons). All these countries together took approx. X% share of total imports. The following importers - the Philippines (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to horsehair imports into Vietnam stood at -X%. At the same time, Cambodia (+X%), the Philippines (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Indonesia (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. Myanmar (+X p.p.), Cambodia (+X p.p.) and the Philippines (less than X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Malaysia and Vietnam saw its share reduced by less than X%, -X% and -X% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported horsehair in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to -X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price posted pronounced growth. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform

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