Price for Horses; Live, Other than Pure-Bred Breeding Animals in Singapore - 2023

Contents:

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

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

In 2022, the average import price for horses; live, other than pure-bred breeding animalses amounted to $13,655 per unit, with an increase of 22% against the previous year. Overall, the import price, however, saw a pronounced slump. Over the period under review, average import prices hit record highs at $19,934 per unit in 2014; however, from 2015 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 Japan ($36,267 per unit), while the price for Germany ($6,964 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for horses; live, other than pure-bred breeding animalses amounted to $2,154 per unit, falling by -22.5% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $6,465 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,061 per unit), while the average price for exports to Malaysia amounted to $1,943 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-5.3%).

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

In 2022, supplies from abroad of horses; live, other than pure-bred breeding animalses was finally on the rise to reach 276 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt setback. Imports peaked at 525 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of horses; live, other than pure-bred breeding animalses soared to $3.8M in 2022. Over the period under review, imports, however, saw a sharp contraction. Over the period under review, imports of reached the maximum at $9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Horses; Live, Other than Pure-Bred Breeding Animals in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia4,3102,1979021,856-24.5%
New Zealand2,5181,114857893-29.2%
United Kingdom435140160335-8.3%
Argentina713415496200-34.5%
Japan294N/AN/A181-14.9%
United States378155118123-31.2%
Germany1013791461185.3%
Malaysia31.651.8N/AN/A63.9%
Others18038614261.2-30.2%
Total8,9614,8382,8213,769-25.1%

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

  1. Australia (110.0 units)
  2. New Zealand (94.0 units)
  3. United Kingdom (18.0 units)
  4. Germany (17.0 units)
  5. United States (14.0 units)
  6. Argentina (12.0 units)
  7. Japan (5.0 units)

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

In 2022, approx. 358 units of horses; live, other than pure-bred breeding animalses were exported from Singapore; with a decrease of -18.8% compared with the previous year. Overall, exports saw a deep reduction. The smallest decline of -1.8% was in 2021. The exports peaked at 682 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of horses; live, other than pure-bred breeding animalses plummeted to $771K in 2022. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 0.1% against the previous year. Over the period under review, the exports of hit record highs at $1.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Horses; Live, Other than Pure-Bred Breeding Animals in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1,139819862659-16.7%
Australia26831426962.9-38.3%
Netherlands39.471.513.430.9-7.8%
Others44.120.381.518.5-25.1%
Total1,4911,2251,226771-19.7%

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

  1. Malaysia (339.0 units)
  2. Netherlands (15.0 units)
  3. Australia (3.0 units)

Source: IndexBox Market Intelligence Platform

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