Updated Jan 9, 2023 19:31

Horsehair Imports in Belgium

Imports
In , purchases abroad of horsehair decreased by -% to tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by % against the previous year. Over the period under review, imports hit record highs at tons in 2007; however, from 2008 to , imports failed to regain momentum.

In value terms, horsehair imports contracted to $ in . Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in when imports increased by % against the previous year. Over the period under review, imports attained the peak figure at $ in 2008; however, from 2009 to , imports stood at a somewhat lower figure.


Imports by Country
In , China ( tons) constituted the largest horsehair supplier to Belgium, with a % share of total imports. Moreover, horsehair imports from China exceeded the figures recorded by the second-largest supplier, Italy ( tons), sevenfold.

From 2007 to , the average annual growth rate of volume from China stood at +%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+% per year) and Germany (-% per year).

In value terms, the largest horsehair suppliers to Belgium were Italy ($), China ($) and Germany ($), with a combined % share of total imports.

Italy, with a CAGR of +%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.


Import Prices by Country
The average horsehair import price stood at $ per ton in , picking up by % against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by % against the previous year. As a result, import price reached the peak level of $ per ton. From 2018 to , the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In , amid the top importers, the country with the highest price was Italy ($ per ton), while the price for Germany ($ per ton) was amongst the lowest.

From 2007 to , the most notable rate of growth in terms of prices was attained by Afghanistan (+%), while the prices for the other major suppliers experienced a decline.