Horse racing and equestrian are high potential industries in China. A growing number of personnel got involved in horse training and riding. Racecourses and related infrastructures were built in many local cities.
Heuristically, it creates a high volume for horse demand imported into China. Let review some of the trends and statistics in China horse industry over the past decade.
Imported Horse Growth
Netherland played an important role in exporting Dutch Warmbloods to China for equestrian sport. In 2012, due to many major equestrian event held in cities of China, the number of import grown enormously.
The horses for equestrian were the major import from other countries, such as the US and Germany. The sound relationship built between China and European countries boost the number of imports.
Presumably, horses imported from New Zealand and Australia were thoroughbred for newly formed Chinese horse syndicates run in local special racing meetings.
It is predicted that the main focus of Chinese horse industry will be equestrian sport
The statistical analysis predicts that the average speed of growing number of imported horse will be 34.33% from 2010 onward.
Value in Output Stably Increasing
With using the 34.33% growth in imported horse number, there expects a figure of 88.61 in total output value.
A r-squared statistic of 0.946 shows that the stable growth is fairly reliable which enhance confidence in Chinese horse industry.