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

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

In 2022, the average import price for horses; live, pure-bred breeding animalses amounted to $21,109 per unit, dropping by -38.7% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. As a result, import price reached the peak level of $50,331 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +82.1% per year.

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

Horses; live, pure-bred breeding animals imports into South Korea skyrocketed to 20 units in 2022, jumping by 400% against 2021. In general, imports, however, saw a sharp reduction. Over the period under review, imports hit record highs at 140 units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, horses; live, pure-bred breeding animals imports soared to $422K in 2022. Overall, imports, however, saw a precipitous curtailment. Over the period under review, imports hit record highs at $6M in 2020; however, from 2021 to 2022, imports failed to regain momentum.