Price for Horses; Live, Pure-Bred Breeding Animals in Vietnam - 2022

Contents:

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

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

The average import price for horses; live, pure-bred breeding animalses stood at $2,160 per unit in 2022, picking up by 14% against the previous year. Over the period under review, the import price, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $45,000 per unit in 2012; however, from 2013 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 the United States ($2,161 per unit), while the price for Pakistan ($919 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.4%).

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

In 2022, the average export price for horses; live, pure-bred breeding animalses amounted to $235 per unit, growing by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 89%. The export price peaked at $8,245 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($459 per unit), while the average price for exports to South Africa ($11 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 Pakistan (-10.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of horses; live, pure-bred breeding animalses decreased by -1.3% to 75 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 311% against the previous year. Imports peaked at 76 units in 2021, and then shrank in the following year.

In value terms, horses; live, pure-bred breeding animals imports expanded significantly to $162K in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 431% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

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

1. Pakistan (57.0 units)
2. United States (14.0 units)
3. Thailand (4.0 units)

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

In 2022, shipments abroad of horses; live, pure-bred breeding animalses decreased by -72% to 21 units, falling for the second consecutive year after two years of growth. In general, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 9.7% against the previous year. As a result, the exports attained the peak of 509 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, horses; live, pure-bred breeding animals exports fell markedly to $4.9K in 2022. Over the period under review, exports faced a precipitous curtailment. The smallest decline of -48.1% was in 2020. The exports peaked at $413K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Pakistan (10.0 units)
2. Philippines (9.0 units)
3. South Africa (2.0 units)

Source: IndexBox Market Intelligence Platform