Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama - 2022

Contents:

  1. Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama (CIF) - 2022
  2. Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama

Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama (CIF) - 2022

The average import price for horses, asses, mules and hinnies; live, other than pure-bred breeding animalses stood at $1,407 per unit in 2022, growing by 145% against the previous year. In general, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($4,188 per unit), while the price for Argentina ($499 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+66.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama

For the fourth consecutive year, Panama recorded growth in purchases abroad of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses, which increased by 13% to 18 units in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses surged to $25K in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ColombiaN/AN/A0.116.816700.0%
GuatemalaN/AN/AN/A8.10%
ArgentinaN/AN/AN/A0.50%
Ecuador0.80.81.5N/A36.9%
Venezuela2.83.05.5N/A40.2%
United StatesN/AN/A0.1N/A0%
Costa RicaN/AN/AN/AN/A0%
MexicoN/AN/AN/AN/A0%
Peru1.11.12.0N/A34.8%
OthersN/AN/AN/AN/A0%
Total4.85.09.225.374.0%

Top Suppliers of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals to Panama in 2022:

  1. Guatemala (13.0 units)
  2. Colombia (4.0 units)
  3. Argentina (1.0 units)

Source: IndexBox Market Intelligence Platform

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