Price for Horses; Live, Other than Pure-Bred Breeding Animals in Malaysia - 2024

Contents:

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

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

In 2022, the average import price for horses; live, other than pure-bred breeding animalses amounted to $1,137 per unit, waning by -58.3% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 35%. The import price peaked at $4,987 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 New Zealand ($3,311 per unit), while the price for Luxembourg ($664 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for horses; live, other than pure-bred breeding animalses stood at $2,655 per unit in 2022, growing by 13% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for horses; live, other than pure-bred breeding animalses increased by +36.0% against 2017 indices. The growth pace was the most rapid in 2017 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +5.7% per year.

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

In 2022, the amount of horses; live, other than pure-bred breeding animalses imported into Malaysia fell sharply to 49 units, declining by -90.4% against the year before. In general, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 508 units, and then shrank remarkably in the following year.

In value terms, imports of horses; live, other than pure-bred breeding animalses declined remarkably to $56K in 2022. Overall, imports showed a precipitous shrinkage. The smallest decline of -15% was in 2021. Over the period under review, imports of reached the peak figure at $2.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Luxembourg (23.0 units)
2. Singapore (18.0 units)
3. New Zealand (6.0 units)

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

For the third year in a row, Malaysia recorded decline in shipments abroad of horses; live, other than pure-bred breeding animalses, which decreased by -92.5% to 3 units in 2022. Overall, exports faced a dramatic contraction. The smallest decline of -50% was in 2021. Over the period under review, the exports of attained the peak figure at 310 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 shrank dramatically to $8K in 2022. In general, exports saw a precipitous descent. The smallest decline of -47.8% was in 2021. The exports peaked at $509K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Singapore (3.0 units)

Source: IndexBox Market Intelligence Platform