By John Considine
This week the Orby sale of horses takes place in Goffs, Co. Kildare. Goffs Chief Executive, Henry Beebey, was interviewed about the event on Morning Ireland last Tuesday (here). Beebey pointed out that they hope to sell over 400 yearlings this week, to buyers from 25 countries, with sales of up to €35m. The Chief Executive said the business was dependent on the economic environment. To support his argument he said Goffs sales in 2007 were €122m but they declined to €45m in 2010. Last year sales recovered to €100m.
Export of horses from Ireland is relatively big business. The table below shows the value of exports of Irish foaled horses through auction for the period 2010 to 2013. There were 19,849 horses exported during this time and 14,525 of these were sold through auction. The total value of exports is €683m and Great Britain (75%) and France (15%) account for 90% of this value.
The average value of horses exports to the countries differs substantially. The average value of horses sold to Japan was €164,000 per horse. The next highest average value was €139,000 for the USA. The average value of horses exported to Great Britain was just under €50,000. The lowest average value is for the horses exported to Italy with a value of €13,000.
Export of horses from Ireland is relatively big business. The table below shows the value of exports of Irish foaled horses through auction for the period 2010 to 2013. There were 19,849 horses exported during this time and 14,525 of these were sold through auction. The total value of exports is €683m and Great Britain (75%) and France (15%) account for 90% of this value.
The average value of horses exports to the countries differs substantially. The average value of horses sold to Japan was €164,000 per horse. The next highest average value was €139,000 for the USA. The average value of horses exported to Great Britain was just under €50,000. The lowest average value is for the horses exported to Italy with a value of €13,000.
A previous post on this blog by Laura Donnellan explained the legal position on the transfer of horses between Ireland, Great Britain and France (here). The numbers above indicate why it is important to have a proper legal framework with (at least) Great Britain and France.
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