Price for Horses; Live, Other than Pure-Bred Breeding Animals in Hungary - 2023

Contents:

1. Price for Horses; Live, Other than Pure-Bred Breeding Animals in Hungary (FOB) - 2023
2. Price for Horses; Live, Other than Pure-Bred Breeding Animals in Hungary (CIF) - 2022
3. Exports of Horses; Live, Other than Pure-Bred Breeding Animals in Hungary
4. Imports of Horses; Live, Other than Pure-Bred Breeding Animals in Hungary

Price for Horses; Live, Other than Pure-Bred Breeding Animals in Hungary (FOB) - 2023

The average export price for horses; live, other than pure-bred breeding animalses stood at $3,431 per unit in November 2023, rising by 41% against the previous month. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in December 2022 an increase of 456% month-to-month. As a result, the export price reached the peak level of $8,657 per unit; afterwards, it flattened through to November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($11,331 per unit), while the average price for exports to Turkey ($1,147 per unit) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Horses; Live, Other than Pure-Bred Breeding Animals in Hungary (CIF) - 2022

The average import price for horses; live, other than pure-bred breeding animalses stood at $3,880 per unit in 2022, which is down by -81.1% against the previous year. In general, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 444% against the previous year. As a result, import price attained the peak level of $20,545 per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($16,877 per unit), while the price for Ukraine ($830 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+57.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Horses; Live, Other than Pure-Bred Breeding Animals in Hungary

Exports of horses; live, other than pure-bred breeding animalses from Hungary fell dramatically to 268 units in 2022, declining by -38.1% compared with the previous year's figure. In general, exports showed a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 34%. The exports peaked at 806 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of horses; live, other than pure-bred breeding animalses contracted markedly to $983K in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Horses; Live, Other than Pure-Bred Breeding Animals from Hungary in 2022:

1. Italy (123.0 units)
2. Turkey (91.0 units)
3. United Kingdom (18.0 units)
4. Switzerland (15.0 units)
5. Norway (9.0 units)
6. Ukraine (5.0 units)
7. Germany (5.0 units)

Imports of Horses; Live, Other than Pure-Bred Breeding Animals in Hungary

In 2022, imports of horses; live, other than pure-bred breeding animalses into Hungary contracted sharply to 34 units, reducing by -20.9% compared with 2021. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 291% against the previous year. As a result, imports attained the peak of 43 units, and then shrank remarkably in the following year.

In value terms, imports of horses; live, other than pure-bred breeding animalses declined markedly to $132K in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 2,028% against the previous year. As a result, imports reached the peak of $883K, and then shrank notably in the following year.

Top Suppliers of Horses; Live, Other than Pure-Bred Breeding Animals to Hungary in 2022:

1. Serbia (10.0 units)
2. Turkey (9.0 units)
3. Ukraine (4.0 units)
4. Germany (4.0 units)
5. Switzerland (4.0 units)
6. Netherlands (1.0 units)
7. Czech Republic (1.0 units)
8. France (1.0 units)

Source: IndexBox Market Intelligence Platform