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

Contents:

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

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

In 2022, the average import price for horses; live, other than pure-bred breeding animalses amounted to $2,002 per unit, which is down by -61.9% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 81% against the previous year. Over the period under review, average import prices reached the maximum at $7,489 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,363 per unit), while the price for Austria ($27 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.3%), 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 the Philippines (FOB) - 2022

The average export price for horses; live, other than pure-bred breeding animalses stood at $161 per unit in 2022, surging by 11% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2018 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +422.9% per year.

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

Imports of horses; live, other than pure-bred breeding animalses into the Philippines contracted remarkably to 36 units in 2022, dropping by -59.1% against the year before. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 96%. Imports peaked at 280 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 plummeted to $72K in 2022. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. Over the period under review, imports of attained the maximum at $1.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Horses; Live, Other than Pure-Bred Breeding Animals in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3685.198.068.2-43.0%
Japan79.1N/AN/A3.5-64.6%
China4.0N/AN/A0.3-57.8%
AustriaN/AN/AN/A0.10%
Hong Kong SAR43.4N/AN/AN/A0%
Argentina13670.9105N/A-12.1%
Germany16282.1118N/A-14.7%
United Kingdom3.4N/AN/AN/A0%
Australia13531.748.0N/A-40.4%
Others14441.393.7N/A-19.3%
Total1,07623146372.1-59.4%

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

  1. Japan (24.0 units)
  2. United States (6.0 units)
  3. Austria (4.0 units)
  4. China (2.0 units)

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

Exports of horses; live, other than pure-bred breeding animalses from the Philippines dropped rapidly to 330 units in 2022, declining by -54.9% on the previous year. Over the period under review, exports faced a precipitous descent. The exports peaked at 732 units in 2021, and then reduced remarkably in the following year.

In value terms, exports of horses; live, other than pure-bred breeding animalses shrank sharply to $53K in 2022. Overall, exports recorded a dramatic setback. Over the period under review, the exports of hit record highs at $106K in 2021, and then reduced dramatically in the following year.

Export of Horses; Live, Other than Pure-Bred Breeding Animals in the Philippines (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
Thailand14.853.2259.5%
Hong Kong SAR70.0N/A0%
Japan3.7N/A0%
Taiwan (Chinese)18.0N/A0%
OthersN/AN/A0%
Total10653.2-49.8%

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

  1. Thailand (330.0 units)

Source: IndexBox Market Intelligence Platform

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