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

Contents:

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

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

In 2022, the average import price for horses; live, other than pure-bred breeding animalses amounted to $14,593 per unit, surging by 51% against the previous year. In general, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2021 when the average import price increased by 58%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($16,182 per unit) and Spain ($15,120 per unit), while the price for Germany ($13,801 per unit) and the United States ($14,611 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for horses; live, other than pure-bred breeding animalses amounted to $20,835 per unit, growing by 19% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 an increase of 68% against the previous year. Over the period under review, the average export prices reached 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +33.9% per year.

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

For the third consecutive year, Mexico recorded decline in supplies from abroad of horses; live, other than pure-bred breeding animalses, which decreased by -9.7% to 3.1K units in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -3.3% was in 2020. Imports peaked at 10K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of horses; live, other than pure-bred breeding animalses soared to $45M in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of $61M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. United States (2722.0 units)
2. Germany (239.0 units)
3. Spain (100.0 units)
4. Netherlands (56.0 units)

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

In 2022, approx. 114 units of horses; live, other than pure-bred breeding animalses were exported from Mexico; increasing by 41% against the year before. Overall, exports, however, continue to indicate a sharp downturn. The exports peaked at 713 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 soared to $2.4M in 2022. In general, exports, however, saw a noticeable shrinkage. Over the period under review, the exports of hit record highs at $2.6M 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 Mexico in 2022:

1. United States (114.0 units)

Source: IndexBox Market Intelligence Platform