Price for Horses; Live, Pure-Bred Breeding Animals in Latvia - 2023

Contents:

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

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

In 2022, the average export price for horses; live, pure-bred breeding animalses amounted to $2,606 per unit, with a decrease of -37.5% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of 804%. As a result, the export price attained the peak level of $9,597 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($6,922 per unit), while the average price for exports to Kyrgyzstan ($1,624 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 Kyrgyzstan (+78.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for horses; live, pure-bred breeding animalses amounted to $5,806 per unit, increasing by 90% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 405% against the previous year. Over the period under review, average import prices attained the maximum at $9,793 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 France ($26,086 per unit), while the price for Lithuania ($2,892 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+1,053.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Horses; Live, Pure-Bred Breeding Animals in Latvia

In 2022, approx. 76 units of horses; live, pure-bred breeding animalses were exported from Latvia; shrinking by -42.4% compared with the previous year. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 154%. As a result, the exports attained the peak of 132 units, and then shrank sharply in the following year.

In value terms, horses; live, pure-bred breeding animals exports declined sharply to $198K in 2022. In general, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 306%. As a result, the exports attained the peak of $550K, and then reduced notably in the following year.

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

1. Kyrgyzstan (49.0 units)
2. Belarus (16.0 units)
3. Russia (11.0 units)

Imports of Horses; Live, Pure-Bred Breeding Animals in Latvia

After three years of growth, supplies from abroad of horses; live, pure-bred breeding animalses decreased by -86% to 12 units in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 438%. As a result, imports reached the peak of 86 units, and then contracted rapidly in the following year.

In value terms, horses; live, pure-bred breeding animals imports reduced rapidly to $70K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,921%. Over the period under review, imports hit record highs at $262K in 2021, and then shrank rapidly in the following year.

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

1. Sweden (7.0 units)
2. Lithuania (2.0 units)
3. Netherlands (1.0 units)
4. Estonia (1.0 units)
5. France (1.0 units)

Source: IndexBox Market Intelligence Platform