Thailand: Horsehair Market Overview 2021

Horsehair Market Size in Thailand

The Thai horsehair market declined remarkably to $X in 2019, waning by -X% against the previous year. Over the period under review, consumption faced a deep downturn. The pace of growth was the most pronounced in 2009 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2010 to 2019, the growth of the market remained at a lower figure.

Horsehair Production in Thailand

In value terms, horsehair production stood at $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average yield of horsehair in Thailand totaled X kg per head, therefore, remained relatively stable against the previous year. Overall, the yield showed a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for horsehair production in Thailand; approximately reflecting the previous year's figure. In general, the number of producing animals recorded a relatively flat trend pattern.

Horsehair Exports

Exports from Thailand

In 2019, horsehair exports from Thailand was estimated at X kg, leveling off at 2018 figures. Over the period under review, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, horsehair exports amounted to $X in 2019. Overall, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

From 2007 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2007 to 2019, the average annual growth rate of value to No country was relatively modest.

Horsehair Imports

Imports into Thailand

Horsehair imports into Thailand fell significantly to X kg in 2019, dropping by -X% compared with 2018 figures. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, horsehair imports contracted dramatically to $X in 2019. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2010 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, China (X kg) was the main supplier of horsehair to Thailand, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of horsehair to Thailand.

From 2007 to 2019, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

The average horsehair import price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for horsehair in the world?

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China (23K tonnes) constituted the country with the largest volume of horsehair consumption, 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 comprising a further 45%.

What are the leading suppliers of horsehair to Thailand?

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In value terms, China ($5.4K) constituted the largest supplier of horsehair to Thailand.

What is the average import price for horsehair in Thailand?

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The average horsehair import price stood at $15,872 per tonne in 2019, surging by 13% against the previous year.