Price for Horses; Live, Other than Pure-Bred Breeding Animals in the United States - 2023
Contents:
- Price for Horses; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2022
- Price for Horses; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2023
- Imports of Horses; Live, Other than Pure-Bred Breeding Animals in the United States
- Exports of Horses; Live, Other than Pure-Bred Breeding Animals in the United States
Price for Horses; Live, Other than Pure-Bred Breeding Animals in the United States (CIF) - 2022
The average import price for horses; live, other than pure-bred breeding animalses stood at $27,931 per unit in 2022, increasing by 3.7% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for horses; live, other than pure-bred breeding animalses increased by +4.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 79%. Over the period under review, average import prices reached the maximum at $35,144 per unit in 2017; however, from 2018 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 Germany ($94,359 per unit), while the price for Mexico ($2,115 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Horses; Live, Other than Pure-Bred Breeding Animals in the United States (FOB) - 2023
The average export price for horses; live, other than pure-bred breeding animalses stood at $1,807 per unit in December 2023, falling by -3.4% against the previous month. Over the period under review, the export price saw a pronounced descent. The growth pace was the most rapid in April 2023 when the average export price increased by 44% against the previous month. As a result, the export price reached the peak level of $2,798 per unit; afterwards, it flattened through to December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Canada ($2,439 per unit), while the average price for exports to Israel ($268 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Horses; Live, Other than Pure-Bred Breeding Animals in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of horses; live, other than pure-bred breeding animalses, which increased by 4.4% to 24K units in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of horses; live, other than pure-bred breeding animalses expanded significantly to $667M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Horses; Live, Other than Pure-Bred Breeding Animals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 216 | 149 | 236 | 295 | 10.9% |
| Netherlands | 92.3 | 86.5 | 115 | 104 | 4.1% |
| Belgium | 58.7 | 26.3 | 48.6 | 59.7 | 0.6% |
| Ireland | 37.0 | 65.4 | 65.9 | 49.0 | 9.8% |
| Canada | 30.5 | 33.3 | 52.9 | 47.7 | 16.1% |
| Mexico | 4.7 | 3.8 | 6.0 | 8.1 | 19.9% |
| Argentina | 5.3 | 4.6 | 5.0 | 6.0 | 4.2% |
| Others | 73.3 | 89.1 | 87.0 | 97.0 | 9.8% |
| Total | 517 | 458 | 616 | 667 | 8.9% |
Top Suppliers of Horses; Live, Other than Pure-Bred Breeding Animals to the United States in 2022:
- Canada (9.0K units)
- Mexico (3.8K units)
- Germany (3.1K units)
- Belgium (2.3K units)
- Netherlands (2.1K units)
- Argentina (0.9K units)
- Ireland (0.7K units)
Exports of Horses; Live, Other than Pure-Bred Breeding Animals in the United States
In 2022, exports of horses; live, other than pure-bred breeding animalses from the United States dropped to 49K units, which is down by -8.7% on 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The exports peaked at 86K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of horses; live, other than pure-bred breeding animalses rose remarkably to $112M in 2022. Overall, exports saw a noticeable contraction. The exports peaked at $121M 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 44.2 | 45.6 | 55.5 | 56.3 | 8.4% |
| Mexico | 43.2 | 30.0 | 26.2 | 30.7 | -10.8% |
| Ireland | 8.3 | 10.9 | 11.0 | 12.9 | 15.8% |
| Others | 25.3 | 22.3 | 11.2 | 12.0 | -22.0% |
| Total | 121 | 109 | 104 | 112 | -2.5% |
Top Export Markets for Horses; Live, Other than Pure-Bred Breeding Animals from the United States in 2022:
- Mexico (27.8K units)
- Canada (17.9K units)
- Ireland (1.0K units)
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