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

Contents:

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

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

The average import price for horses; live, other than pure-bred breeding animalses stood at $26,263 per unit in 2022, rising by 3.5% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +8.0% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($263,327 per unit), while the price for Canada ($11,219 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for horses; live, other than pure-bred breeding animalses amounted to $44,433 per unit, declining by -61.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 62%. As a result, the export price attained the peak level of $159,418 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($114,070 per unit), while the average price for exports to Taiwan (Chinese) ($2,236 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 Australia (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of horses; live, other than pure-bred breeding animalses into Japan expanded remarkably to 3.7K units in 2022, growing by 8.2% compared with 2021 figures. Overall, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked at 4.2K 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 expanded significantly to $97M in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Canada (3057.0 units)
2. France (301.0 units)
3. United States (116.0 units)
4. Belgium (99.0 units)

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

In 2022, the amount of horses; live, other than pure-bred breeding animalses exported from Japan totaled 17 units, surging by 13% on 2021. Overall, exports, however, recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. The exports peaked at 54 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 reduced markedly to $755K in 2022. Over the period under review, exports, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports of hit record highs at $5.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Singapore (5.0 units)
2. Germany (4.0 units)
3. United States (3.0 units)
4. Taiwan (Chinese) (2.0 units)
5. France (2.0 units)
6. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform