Price for Animal Products; Bovine Semen in Norway - 2023
Contents:
- Price for Animal Products; Bovine Semen in Norway (CIF) - 2022
- Price for Animal Products; Bovine Semen in Norway (FOB) - 2022
- Imports of Animal Products; Bovine Semen in Norway
- Exports of Animal Products; Bovine Semen in Norway
Price for Animal Products; Bovine Semen in Norway (CIF) - 2022
The average animal products; bovine semen import price stood at $11,021 per unit in 2022, growing by 12% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $17,355 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($13,518 per unit), while the price for Canada ($7,244 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in Norway (FOB) - 2022
The average animal products; bovine semen export price stood at $8,166 per unit in 2022, growing by 5.4% against the previous year. In general, the export price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 210% against the previous year. The export price peaked at $14,229 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($18,093 per unit), while the average price for exports to Latvia ($380 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 the United States (+3.6%), while the prices for the other major destinations experienced a decline.
Imports of Animal Products; Bovine Semen in Norway
In 2022, the amount of animal products; bovine semens imported into Norway surged to 179 units, growing by 16% compared with the previous year's figure. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, animal products; bovine semen imports surged to $2M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.4% 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 +69.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Animal Products; Bovine Semen in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 383 | 431 | 529 | 607 | 16.6% |
| France | 199 | 153 | 226 | 324 | 17.6% |
| United Kingdom | 90.2 | 72.3 | 88.9 | 318 | 52.2% |
| Germany | 199 | 122 | 254 | 304 | 15.2% |
| Canada | 77.7 | 116 | 175 | 152 | 25.1% |
| United States | 55.2 | 120 | 74.7 | 93.6 | 19.2% |
| Netherlands | 74.0 | 62.1 | 55.4 | 71.3 | -1.2% |
| Others | 110 | 89.3 | 109 | 102 | -2.5% |
| Total | 1,189 | 1,165 | 1,511 | 1,973 | 18.4% |
Top Suppliers of Animal Products; Bovine Semen to Norway in 2022:
- Denmark (51.0 units)
- Germany (33.0 units)
- France (24.0 units)
- United Kingdom (24.0 units)
- Canada (21.0 units)
- United States (8.0 units)
- Netherlands (8.0 units)
Exports of Animal Products; Bovine Semen in Norway
Animal products; bovine semen exports from Norway surged to 424 units in 2022, jumping by 142% compared with the year before. In general, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal products; bovine semen exports skyrocketed to $3.5M in 2022. Over the period under review, exports enjoyed a significant increase. 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 Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 269 | 486 | 263 | 1,755 | 86.9% |
| United Kingdom | 382 | 571 | 214 | 819 | 28.9% |
| Poland | 171 | 118 | 63.0 | 124 | -10.2% |
| Australia | 11.0 | 23.5 | 34.9 | 115 | 118.7% |
| New Zealand | 24.2 | 60.2 | 109 | 99.0 | 59.9% |
| China | 138 | 58.3 | 344 | 94.5 | -11.9% |
| Canada | 2.1 | 18.3 | 50.9 | 54.3 | 195.7% |
| Iran | N/A | N/A | N/A | 52.9 | 0% |
| Netherlands | 51.0 | 19.2 | 35.6 | 42.7 | -5.7% |
| Switzerland | 20.6 | 29.8 | 31.8 | 42.2 | 27.0% |
| Latvia | N/A | N/A | 12.6 | 39.2 | 211.1% |
| Italy | 10.9 | N/A | 3.6 | 31.9 | 43.0% |
| Mongolia | N/A | N/A | N/A | 4.8 | 0% |
| Others | 338 | 450 | 193 | 187 | -17.9% |
| Total | 1,418 | 1,834 | 1,355 | 3,462 | 34.7% |
Top Export Markets for Animal Products; Bovine Semen from Norway in 2022:
- Latvia (103.0 units)
- United States (97.0 units)
- United Kingdom (55.0 units)
- New Zealand (25.0 units)
- Netherlands (21.0 units)
- Australia (18.0 units)
- Switzerland (12.0 units)
- Canada (11.0 units)
- Italy (11.0 units)
- Poland (10.0 units)
- Mongolia (10.0 units)
- China (10.0 units)
- Iran (8.0 units)
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