Price for Horses; Live, Other than Pure-Bred Breeding Animals in South Korea - 2022

Contents:

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

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

The average import price for horses; live, other than pure-bred breeding animalses stood at $39,868 per unit in 2022, dropping by -6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2019 when the average import price increased by 32%. As a result, import price reached the peak level of $52,636 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Germany ($58,560 per unit), while the price for France ($22,240 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.6%), 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 South Korea (FOB) - 2022

The average export price for horses; live, other than pure-bred breeding animalses stood at $15,345 per unit in 2022, reducing by -40% against the previous year. Overall, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of 193%. Over the period under review, the average export prices hit record highs at $38,407 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($21,479 per unit), while the average price for exports to the United States ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of horses; live, other than pure-bred breeding animalses were finally on the rise to reach 322 units after two years of decline. Overall, imports, however, saw a perceptible decrease. Over the period under review, imports of attained the peak figure at 361 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of horses; live, other than pure-bred breeding animalses soared to $13M in 2022. In general, imports, however, continue to indicate a deep contraction. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. United States (117.0 units)
2. Netherlands (56.0 units)
3. Germany (48.0 units)
4. Argentina (44.0 units)
5. Belgium (32.0 units)
6. France (20.0 units)

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

In 2022, the amount of horses; live, other than pure-bred breeding animalses exported from South Korea fell markedly to 7 units, which is down by -30% against the previous year's figure. In general, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 43%. The exports peaked at 14 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of horses; live, other than pure-bred breeding animalses reduced notably to $107K in 2022. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. The exports peaked at $538K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. United Arab Emirates (5.0 units)
2. United States (1.0 units)
3. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform