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

Contents:

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

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

In 2022, the average import price for horses; live, pure-bred breeding animalses amounted to $3,654 per unit, reducing by -48.6% against the previous year. In general, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 214% against the previous year. As a result, import price reached the peak level of $7,116 per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($5,032 per unit), while the price for Colombia ($2,681 per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+91.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for horses; live, pure-bred breeding animalses amounted to $3,388 per unit, growing by 92% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Venezuela ($12,200 per unit), while the average price for exports to Peru ($1,320 per unit) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+88.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of horses; live, pure-bred breeding animalses increased by 101% to 145 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt slump. Imports peaked at 274 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, horses; live, pure-bred breeding animals imports expanded slightly to $530K in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. Imports peaked at $746K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. United States (86.0 units)
2. Colombia (29.0 units)
3. Venezuela (18.0 units)
4. Argentina (6.0 units)
5. Costa Rica (5.0 units)

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

Horses; live, pure-bred breeding animals exports from Panama declined remarkably to 8 units in 2022, reducing by -60% compared with 2021 figures. In general, exports recorded a significant decrease. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, the exports hit record highs at 21 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, horses; live, pure-bred breeding animals exports dropped markedly to $27K in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of $35K, and then declined sharply in the following year.

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

1. Peru (5.0 units)
2. El Salvador (1.0 units)
3. Guatemala (1.0 units)
4. Venezuela (1.0 units)

Source: IndexBox Market Intelligence Platform