Price for Animal Products; Bovine Semen in South Africa - 2023
Contents:
- Price for Animal Products; Bovine Semen in South Africa (CIF) - 2023
- Price for Animal Products; Bovine Semen in South Africa (FOB) - 2022
- Imports of Animal Products; Bovine Semen in South Africa
- Exports of Animal Products; Bovine Semen in South Africa
Price for Animal Products; Bovine Semen in South Africa (CIF) - 2023
In September 2023, the average animal products; bovine semen import price amounted to $403 per unit, shrinking by -48% against the previous month. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 50% month-to-month. Over the period under review, average import prices attained the peak figure at $775 per unit in August 2023, and then dropped remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was New Zealand ($580 per unit), while the price for the United States ($270 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 Australia (+37.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Animal Products; Bovine Semen in South Africa (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $62 per unit, jumping by 31% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 an increase of 86% against the previous year. Over the period under review, the average export prices attained the maximum at $320 per unit in 2016; however, from 2017 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 Zambia ($202 per unit), while the average price for exports to Ghana ($0.4 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 Paraguay (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in South Africa
In 2022, purchases abroad of animal products; bovine semens decreased by -30.5% to 12K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. Imports peaked at 17K units in 2021, and then shrank rapidly in the following year.
In value terms, animal products; bovine semen imports declined modestly to $5.9M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $6M, and then contracted in the following year.
Import of Animal Products; Bovine Semen in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,272 | 2,121 | 2,170 | 2,408 | 2.0% |
New Zealand | 1,083 | 1,150 | 1,467 | 1,300 | 6.3% |
Canada | 676 | 673 | 887 | 1,095 | 17.4% |
Denmark | 489 | 429 | 476 | 464 | -1.7% |
Netherlands | 224 | 216 | 324 | 257 | 4.7% |
Australia | 345 | 158 | 317 | 211 | -15.1% |
United Kingdom | 118 | 65.0 | 139 | 131 | 3.5% |
China | N/A | 11.9 | N/A | N/A | 0% |
Others | 130 | 40.1 | 171 | 11.8 | -55.1% |
Total | 5,339 | 4,863 | 5,950 | 5,878 | 3.3% |
Top Suppliers of Animal Products; Bovine Semen to South Africa in 2022:
- United States (4.9K units)
- Canada (2.5K units)
- New Zealand (1.5K units)
- Netherlands (1.3K units)
- Australia (0.6K units)
- Denmark (0.5K units)
- United Kingdom (0.3K units)
Exports of Animal Products; Bovine Semen in South Africa
In 2022, overseas shipments of animal products; bovine semens decreased by -53.7% to 1.2K units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 312%. As a result, the exports reached the peak of 3K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, animal products; bovine semen exports dropped significantly to $76K in 2022. Overall, exports recorded a slight slump. The growth pace was the most rapid in 2020 with an increase of 207% against the previous year. As a result, the exports attained the peak of $242K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Animal Products; Bovine Semen in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 36.1 | 22.2 | 48.5 | 51.0 | 12.2% |
Swaziland | 5.3 | 10.3 | 7.0 | 6.6 | 7.6% |
Botswana | N/A | 54.7 | 33.9 | 3.8 | -73.6% |
Ghana | N/A | N/A | N/A | 0.1 | 0% |
Burundi | N/A | N/A | N/A | 0.1 | 0% |
Mozambique | N/A | 1.8 | 4.9 | N/A | 172.2% |
United States | N/A | 1.8 | N/A | N/A | 0% |
Others | 37.3 | 151 | 31.6 | 14.7 | -26.7% |
Total | 78.7 | 242 | 126 | 76.3 | -1.0% |
Top Export Markets for Animal Products; Bovine Semen from South Africa in 2022:
- Swaziland (394.0 units)
- Ghana (311.0 units)
- Namibia (278.0 units)
- Burundi (126.0 units)
- Botswana (51.0 units)
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