Price for Animal Products; Bovine Semen in Australia - 2023
Contents:
- Price for Animal Products; Bovine Semen in Australia (CIF) - 2023
- Price for Animal Products; Bovine Semen in Australia (FOB) - 2022
- Imports of Animal Products; Bovine Semen in Australia
- Exports of Animal Products; Bovine Semen in Australia
Price for Animal Products; Bovine Semen in Australia (CIF) - 2023
The average animal products; bovine semen import price stood at $7.2 per unit in September 2023, increasing by 10% against the previous month. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 107% against the previous month. The import price peaked at $12.6 per unit in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($11.1 per unit), while the price for Denmark ($3.1 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in Australia (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $2,671 per unit, growing by 28% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal products; bovine semen export price increased by +60.0% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($6,418 per unit), while the average price for exports to Pakistan ($148 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+99.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Australia
In 2022, overseas purchases of animal products; bovine semens increased by 25% to 8.5K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, animal products; bovine semen imports surged to $15M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.1% 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 +91.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
Import of Animal Products; Bovine Semen in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.0 | 7.0 | 8.3 | 8.8 | 20.7% |
Canada | 2.0 | 2.8 | 3.2 | 4.1 | 27.0% |
United Kingdom | 0.2 | 0.3 | 0.7 | 1.4 | 91.3% |
New Zealand | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
Denmark | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
Norway | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
Total | 8.0 | 10.9 | 13.0 | 15.3 | 24.1% |
Top Suppliers of Animal Products; Bovine Semen to Australia in 2022:
- United States (3.6K units)
- United Kingdom (2.3K units)
- Canada (1.5K units)
- Norway (0.7K units)
- New Zealand (0.2K units)
- Denmark (0.1K units)
Exports of Animal Products; Bovine Semen in Australia
In 2022, after two years of decline, there was growth in shipments abroad of animal products; bovine semens, when their volume increased by 3.6% to 1.7K units. Over the period under review, exports, however, continue to indicate a abrupt decline. The exports peaked at 2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, animal products; bovine semen exports skyrocketed to $4.6M in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Animal Products; Bovine Semen in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,175 | 677 | 511 | 2,160 | 22.5% |
New Zealand | 391 | 511 | 420 | 507 | 9.0% |
Brazil | 44.3 | 60.9 | 229 | 174 | 57.8% |
Canada | 189 | 308 | 393 | 141 | -9.3% |
Pakistan | N/A | 24.2 | 46.8 | 32.0 | 15.0% |
Denmark | 20.5 | 35.6 | N/A | 25.7 | 7.8% |
Belgium | N/A | N/A | 7.4 | 20.8 | 181.1% |
Norway | N/A | N/A | 0.2 | 16.6 | 8200.0% |
Qatar | N/A | N/A | N/A | 14.8 | 0% |
Hungary | 10.7 | N/A | 20.1 | N/A | 37.1% |
China | 538 | 1,248 | 680 | N/A | 12.4% |
Rwanda | N/A | N/A | 18.1 | N/A | 0% |
Guatemala | 25.6 | N/A | N/A | N/A | 0% |
Others | 1,394 | 1,083 | 1,104 | 1,473 | 1.9% |
Total | 3,788 | 3,949 | 3,430 | 4,565 | 6.4% |
Top Export Markets for Animal Products; Bovine Semen from Australia in 2022:
- United States (1005.0 units)
- Pakistan (217.0 units)
- New Zealand (79.0 units)
- Belgium (63.0 units)
- Canada (60.0 units)
- Norway (57.0 units)
- Qatar (45.0 units)
- Denmark (42.0 units)
- Brazil (30.0 units)
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