Price for Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR - 2023

Price for Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR (CIF) - 2022

The average import price for horses, asses, mules and hinnies; lives stood at $241,930 per unit in 2022, waning by -3.9% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 an increase of 18%. Over the period under review, average import prices reached the maximum at $290,094 per unit in 2012; however, from 2013 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 the UK ($264,124 per unit), while the price for New Zealand ($158,442 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.8%), while the prices for the other major suppliers experienced a decline.

Price for Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for horses, asses, mules and hinnies; lives amounted to $1,584 per unit, picking up by 8.8% against the previous year. Over the period under review, the export price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2015 an increase of 95%. The export price peaked at $2,099 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,584 per unit), while the average price for exports to Australia totaled $433 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.4%).

Imports of Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR

In 2022, purchases abroad of horses, asses, mules and hinnies; lives decreased by -13.3% to 2.9K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports of hit record highs at 3.4K units in 2021, and then dropped in the following year.

In value terms, imports of horses, asses, mules and hinnies; lives dropped dramatically to $712M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $855M, and then contracted remarkably in the following year.

Import of Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	543	572	727	607	3.8%
Australia	55.6	76.3	61.1	64.6	5.1%
United Kingdom	36.8	36.3	35.5	26.7	-10.1%
New Zealand	31.7	13.2	28.2	11.9	-27.9%
Others	5.8	1.7	2.7	1.8	-32.3%
Total	673	700	855	712	1.9%

Top Suppliers of Horses, Asses, Mules and Hinnies; Live to Hong Kong SAR in 2022:

China (2473.0 units)
Australia (285.0 units)
United Kingdom (101.0 units)
New Zealand (75.0 units)

Exports of Horses, Asses, Mules and Hinnies; Live in Hong Kong SAR

After three years of growth, overseas shipments of horses, asses, mules and hinnies; lives decreased by -26.2% to 364K units in 2022. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 493K units, and then contracted markedly in the following year.

In value terms, exports of horses, asses, mules and hinnies; lives declined dramatically to $576M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of $718M, and then declined rapidly in the following year.