Price for Animal Products; Bovine Semen in Hungary - 2023
Contents:
- Price for Animal Products; Bovine Semen in Hungary (CIF) - 2022
- Price for Animal Products; Bovine Semen in Hungary (FOB) - 2023
- Imports of Animal Products; Bovine Semen in Hungary
- Exports of Animal Products; Bovine Semen in Hungary
Price for Animal Products; Bovine Semen in Hungary (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $1,087 per unit, falling by -30.1% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 345%. The import price peaked at $3,707 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($63,793 per unit), while the price for Italy ($249 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in Hungary (FOB) - 2023
In July 2023, the average animal products; bovine semen export price amounted to $484 per unit, surging by 53% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 140% m-o-m. As a result, the export price reached the peak level of $926 per unit. From April 2023 to July 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the country with the highest price was Slovakia ($461 per unit), while the average price for exports to Italy amounted to $311 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Animal Products; Bovine Semen in Hungary
In 2022, imports of animal products; bovine semens into Hungary soared to 5.3K units, with an increase of 51% against the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal products; bovine semen imports rose rapidly to $5.7M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.5%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Animal Products; Bovine Semen in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,812 | 2,015 | 1,670 | 1,841 | 0.5% |
| United Kingdom | 738 | 702 | 639 | 703 | -1.6% |
| Netherlands | N/A | 8.2 | 585 | 544 | 714.5% |
| Germany | 24.8 | 339 | 283 | 466 | 165.9% |
| France | 316 | 354 | 345 | 343 | 2.8% |
| Italy | N/A | N/A | N/A | 211 | 0% |
| Others | 1,782 | 1,699 | 1,892 | 1,610 | -3.3% |
| Total | 4,673 | 5,118 | 5,414 | 5,718 | 7.0% |
Top Suppliers of Animal Products; Bovine Semen to Hungary in 2022:
- Netherlands (1657.0 units)
- Germany (1161.0 units)
- Italy (847.0 units)
- United Kingdom (654.0 units)
- France (595.0 units)
- Canada (276.0 units)
Exports of Animal Products; Bovine Semen in Hungary
Animal products; bovine semen exports from Hungary soared to 5.4K units in 2022, growing by 77% against the previous year's figure. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 166%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, animal products; bovine semen exports dropped to $1.6M in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $1.7M, and then declined slightly in the following year.
| Export of Animal Products; Bovine Semen in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 395 | 568 | 623 | 758 | 24.3% |
| United Kingdom | N/A | 2.0 | 256 | 286 | 1095.8% |
| Slovakia | 40.5 | 51.8 | 28.8 | 169 | 61.0% |
| Poland | 40.5 | 67.9 | 118 | 142 | 51.9% |
| Switzerland | N/A | N/A | 61.6 | 58.8 | -4.5% |
| Others | 328 | 363 | 608 | 235 | -10.5% |
| Total | 804 | 1,052 | 1,696 | 1,649 | 27.1% |
Top Export Markets for Animal Products; Bovine Semen from Hungary in 2022:
- Italy (3096.0 units)
- United Kingdom (1010.0 units)
- Poland (502.0 units)
- Slovakia (332.0 units)
- Switzerland (208.0 units)
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