Price for Horses; Live, Pure-Bred Breeding Animals in Australia - 2023
Contents:
- Price for Horses; Live, Pure-Bred Breeding Animals in Australia (FOB) - 2023
- Exports of Horses; Live, Pure-Bred Breeding Animals in Australia
Price for Horses; Live, Pure-Bred Breeding Animals in Australia (FOB) - 2023
The average export price for horses; live, pure-bred breeding animalses stood at $54,753 per unit in August 2023, waning by -12.7% against the previous month. Overall, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 82% m-o-m. As a result, the export price attained the peak level of $107K per unit; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Hong Kong SAR ($178K per unit), while the average price for exports to the Netherlands ($12,328 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Horses; Live, Pure-Bred Breeding Animals in Australia
In 2022, shipments abroad of horses; live, pure-bred breeding animalses increased by 11% to 1.3K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt descent. Over the period under review, the exports hit record highs at 1.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, horses; live, pure-bred breeding animals exports fell to $103M in 2022. Over the period under review, exports, however, showed a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year. As a result, the exports reached the peak of $118M, and then declined in the following year.
| Export of Horses; Live, Pure-Bred Breeding Animals in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 50.3 | 57.4 | 50.7 | 43.6 | -4.7% |
| New Zealand | 30.7 | 31.1 | 39.1 | 33.1 | 2.5% |
| United States | 5.5 | 5.1 | 4.0 | 4.0 | -10.1% |
| Singapore | 5.3 | 2.8 | 0.7 | 2.4 | -23.2% |
| Macao SAR | 3.2 | 2.9 | 2.8 | 2.3 | -10.4% |
| United Arab Emirates | 1.8 | 1.7 | 0.1 | 1.0 | -17.8% |
| China | 0.8 | 0.4 | N/A | 0.3 | -27.9% |
| Others | 10.4 | 6.4 | 20.1 | 16.5 | 16.6% |
| Total | 108 | 108 | 118 | 103 | -1.6% |
Top Export Markets for Horses; Live, Pure-Bred Breeding Animals from Australia in 2022:
- Hong Kong SAR (9.5K units)
- New Zealand (5.2K units)
- United States (0.8K units)
- China (0.7K units)
- Singapore (0.6K units)
- United Arab Emirates (0.3K units)
- Macao SAR (0.3K units)
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