In 2023, China dominated the global export market for yarn of fine animal hair, accounting for approximately 71.78% of the total value. Italy and the United Kingdom followed with 16.21% and 2.97% respectively. Other notable contributors included Peru and Bulgaria with exports valued at 2.46% and 1.72% each. Countries like South Africa, Germany, and Croatia maintained smaller market shares.
Year-on-year, China and Italy showed growth of 1.53% and 1.76%, while larger fluctuations were noted in nations such as Bulgaria (3.02%) and South Africa (2.07%). Bolivia and Mongolia observed significant expansions of over 4%, while declines were noted in Japan (-9.11%), South Korea (-7.38%), and most significantly, the United States (-33.79%) and Canada (-43.56%).
Looking towards future trends, watch for potential market shifts as developing countries with emerging textile industries may increase their market share. The impacts of trade policies and economic stability in major exporting nations should also be closely monitored to anticipate further variations in export values.
Top countries in Export of Yarn of Fine Animal Hair Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 71.78 | 2023 | +2.05% | +1.53% | View data |
| 2 | 2 Italy | 16.21 | 2023 | +2.73% | +1.76% | View data |
| 3 | 3 United Kingdom | 2.97 | 2023 | -2.47% | -3.5% | View data |
| 4 | 4 Peru | 2.46 | 2023 | -0.073% | -0.47% | View data |
| 5 | 5 Bulgaria | 1.72 | 2023 | +3.75% | +3.02% | View data |
| 6 | 6 South Africa | 1.71 | 2023 | +3.19% | +2.07% | View data |
| 7 | 7 Germany | 1.01 | 2023 | +3.49% | +2.65% | View data |
| 8 | 8 Croatia | 0.48 | 2023 | +6.27% | +0.79% | View data |
| 9 | 9 Poland | 0.34 | 2023 | +5.88% | +2.85% | View data |
| 10 | 10 Bolivia | 0.24 | 2023 | +4.82% | +4.14% | View data |
