Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines - 2022

Contents:

  1. Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (CIF) - 2022
  2. Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (FOB) - 2022
  3. Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines
  4. Exports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines

Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (CIF) - 2022

The average import price for horses, asses, mules and hinnies; live, other than pure-bred breeding animalses stood at $9.3 per unit in 2022, falling by -99.8% against the previous year. Over the period under review, the import price recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 an increase of 194% against the previous year. As a result, import price reached the peak level of $3,875 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +0.2% per year.

Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (FOB) - 2022

The average export price for horses, asses, mules and hinnies; live, other than pure-bred breeding animalses stood at $688 per unit in 2022, declining by -26.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum at $1,532 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($717 per unit), while the average price for exports to Switzerland amounted to $55 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+434.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines

In 2022, approx. 908 units of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses were imported into the Philippines; growing by 22,600% on 2021 figures. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses dropped markedly to $8.4K in 2022. Over the period under review, imports recorded pronounced growth. The pace of growth appeared the most rapid in 2020 when imports increased by 47%. Over the period under review, imports of hit record highs at $15K in 2021, and then fell notably in the following year.

Import of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/AN/AN/A7.70%
Others7.911.615.30.7-55.4%
Total7.911.615.38.42.1%

Top Suppliers of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals to the Philippines in 2022:

  1. Indonesia (905.0 units)

Exports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines

After two years of decline, shipments abroad of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses increased by 53% to 23 units in 2022. In general, exports, however, showed a precipitous decrease. Over the period under review, the exports of reached the peak figure at 50 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses stood at $16K in 2022. Overall, exports, however, faced a dramatic shrinkage. The exports peaked at $32K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan31.817.614.115.8-20.8%
SwitzerlandN/AN/AN/A0.10%
OthersN/AN/AN/AN/A0%
Total31.817.614.115.8-20.8%

Top Export Markets for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals from the Philippines in 2022:

  1. Japan (22.0 units)
  2. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform

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