Price for Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand - 2024
Contents:
- Price for Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand (FOB) - 2024
- Price for Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand (CIF) - 2022
- Exports of Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand
- Imports of Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand
Price for Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand (FOB) - 2024
In January 2024, the average export price for horses; live, other than pure-bred breeding animalses amounted to $73,843 per unit, leveling off at the previous month. Overall, the export price enjoyed tangible growth. The pace of growth was the most pronounced in August 2023 when the average export price increased by 80% against the previous month. Over the period under review, the average export prices reached the maximum at $74,313 per unit in February 2023; afterwards, it flattened through to January 2024.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Hong Kong SAR ($235K per unit), while the average price for exports to South Korea ($32,579 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand (CIF) - 2022
The average import price for horses; live, other than pure-bred breeding animalses stood at $41,708 per unit in 2022, waning by -9.7% against the previous year. Over the period under review, the import price, however, showed a modest expansion. The pace of growth was the most pronounced in 2014 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $57,255 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($46,902 per unit), while the price for Hong Kong SAR ($5,453 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand
In 2022, shipments abroad of horses; live, other than pure-bred breeding animalses was finally on the rise to reach 1.5K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback. The exports peaked at 2.2K 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 declined to $64M in 2022. In general, exports, however, continue to indicate a deep contraction. The smallest decline of -6.6% was in 2020. The exports peaked at $85M 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 New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 51.3 | 48.8 | 43.1 | 49.2 | -1.4% |
| Hong Kong SAR | 26.1 | 19.2 | 24.4 | 7.9 | -32.9% |
| United States | 1.5 | 9.9 | 0.1 | 4.7 | 46.3% |
| Singapore | 2.2 | 0.8 | 1.0 | 1.6 | -10.1% |
| Malaysia | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| China | 1.0 | 0.5 | N/A | N/A | -50.0% |
| Others | 2.9 | 0.1 | 1.6 | 0.4 | -48.3% |
| Total | 85.1 | 79.6 | 70.6 | 64.0 | -9.1% |
Top Export Markets for Horses; Live, Other than Pure-Bred Breeding Animals from New Zealand in 2022:
- Australia (1271.0 units)
- United States (95.0 units)
- Singapore (65.0 units)
- Hong Kong SAR (46.0 units)
- Malaysia (33.0 units)
Imports of Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand
In 2022, approx. 690 units of horses; live, other than pure-bred breeding animalses were imported into New Zealand; with an increase of 12% on 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. As a result, imports attained the peak of 795 units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of horses; live, other than pure-bred breeding animalses reached $29M in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of $34M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Horses; Live, Other than Pure-Bred Breeding Animals in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 22.2 | 20.1 | 27.4 | 27.0 | 6.7% |
| Hong Kong SAR | 1.0 | 0.5 | 0.3 | 0.4 | -26.3% |
| United Kingdom | 3.9 | 1.1 | 0.2 | 0.3 | -57.5% |
| Others | N/A | 12.7 | 0.7 | 1.1 | -70.6% |
| Total | 27.1 | 34.4 | 28.5 | 28.8 | 2.0% |
Top Suppliers of Horses; Live, Other than Pure-Bred Breeding Animals to New Zealand in 2022:
- Australia (575.0 units)
- Hong Kong SAR (78.0 units)
- United Kingdom (8.0 units)
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