Southern Asia: Horsehair Market 2022

Horsehair Market Size in Southern Asia

In 2021, the South Asian horsehair market decreased by less than X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Horsehair Production in Southern Asia

In value terms, horsehair production rose significantly to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value 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, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

The countries with the highest volumes of horsehair production in 2021 were Afghanistan (X tons), Pakistan (X tons) and India (X tons), together accounting for X% of total production.

From 2012 to 2021, the biggest increases were in Afghanistan (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Horsehair Exports

Exports in Southern Asia

In 2021, shipments abroad of horsehair increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild slump. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, horsehair exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan represented the largest exporter of horsehair in Southern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2021. Afghanistan (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%).

Pakistan was also the fastest-growing in terms of the horsehair exports, with a CAGR of +X% from 2012 to 2021. India experienced a relatively flat trend pattern. Afghanistan (-X%) illustrated a downward trend over the same period. While the share of Pakistan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Afghanistan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X) remains the largest horsehair supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by X% against the previous year. Export price indicated moderate 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 decreased by -X% against 2016 indices. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Afghanistan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Horsehair Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in supplies from abroad of horsehair, which increased by X% to X tons in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, horsehair imports stood at $X in 2021. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Pakistan was the main importer of horsehair in Southern Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2021. It was distantly followed by Bangladesh (X tons), India (X tons) and Afghanistan (X tons), together comprising a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported horsehair in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with less than X% share.

In India, horsehair imports declined by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (-X% per year) and Pakistan (+X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by less than X% against the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :