Price for Horses; Live, Pure-Bred Breeding Animals in Hong Kong SAR - 2022

Contents:

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

Price for Horses; Live, Pure-Bred Breeding Animals in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for horses; live, pure-bred breeding animalses amounted to $2,501 per unit, shrinking by -9.6% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 126%. The import price peaked at $2,941 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($4,629 per unit), while the price for Pakistan ($73 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+55.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Horses; Live, Pure-Bred Breeding Animals in Hong Kong SAR (FOB) - 2022

The average export price for horses; live, pure-bred breeding animalses stood at $9,068 per unit in 2022, growing by 26% against the previous year. Overall, the export price saw a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 170% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +8.0% per year.

Imports of Horses; Live, Pure-Bred Breeding Animals in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of horses; live, pure-bred breeding animalses, which decreased by -12% to 21K units in 2022. In general, imports recorded a deep contraction. The smallest decline of -3.4% was in 2020. Over the period under review, imports attained the peak figure at 26K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, horses; live, pure-bred breeding animals imports declined significantly to $52M in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 6.1%. As a result, imports reached the peak of $75M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Horses; Live, Pure-Bred Breeding Animals to Hong Kong SAR in 2022:

1. Australia (13.1K units)
2. Pakistan (5.3K units)
3. United Kingdom (1.1K units)
4. Ireland (1.0K units)
5. United States (0.3K units)

Exports of Horses; Live, Pure-Bred Breeding Animals in Hong Kong SAR

In 2022, approx. 10 units of horses; live, pure-bred breeding animalses were exported from Hong Kong SAR; with an increase of 67% compared with the year before. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, horses; live, pure-bred breeding animals exports soared to $91K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Horses; Live, Pure-Bred Breeding Animals from Hong Kong SAR in 2022:

1. United Kingdom (10.0 units)

Source: IndexBox Market Intelligence Platform