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

Contents:

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

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

The average import price for horses; live, pure-bred breeding animalses stood at $23,326 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 1,344%. The import price peaked at $52,253 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 Australia ($31,695 per unit), while the price for the United States ($4,976 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for horses; live, pure-bred breeding animalses amounted to $4,747 per unit, dropping by -1.6% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 728% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,464 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($5,265 per unit), while the average price for exports to the UK stood at $4,488 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+27,550.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of horses; live, pure-bred breeding animalses, when their volume increased by 181% to 101 units. Overall, imports, however, continue to indicate a abrupt decrease. Imports peaked at 187 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, horses; live, pure-bred breeding animals imports skyrocketed to $2.4M in 2022. Over the period under review, imports, however, recorded a sharp descent. Imports peaked at $6.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. Australia (62.0 units)
2. United States (15.0 units)
3. United Kingdom (9.0 units)
4. Denmark (8.0 units)
5. Canada (2.0 units)

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

In 2022, horses; live, pure-bred breeding animals exports from Singapore dropped rapidly to 3 units, shrinking by -40% on the year before. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports reached the peak of 5 units, and then fell sharply in the following year.

In value terms, horses; live, pure-bred breeding animals exports fell rapidly to $14K in 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 7.7% against the previous year. As a result, the exports reached the peak of $24K, and then declined markedly in the following year.

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

1. United Kingdom (2.0 units)
2. Netherlands (1.0 units)

Source: IndexBox Market Intelligence Platform