Price for Animal Products; Bovine Semen in South Korea - 2022
Contents:
- Price for Animal Products; Bovine Semen in South Korea (CIF) - 2022
- Price for Animal Products; Bovine Semen in South Korea (FOB) - 2022
- Imports of Animal Products; Bovine Semen in South Korea
- Exports of Animal Products; Bovine Semen in South Korea
Price for Animal Products; Bovine Semen in South Korea (CIF) - 2022
The average animal products; bovine semen import price stood at $16,664 per unit in December 2022, declining by -12.4% against the previous month. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in October 2022 an increase of 96% month-to-month. Over the period under review, average import prices hit record highs at $34,610 per unit in March 2022; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($23,739 per unit), while the price for the United States amounted to $15,446 per unit.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.7%).
Price for Animal Products; Bovine Semen in South Korea (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $593 per unit, waning by -49% against the previous year. Overall, the export price faced a abrupt slump. The growth pace was the most rapid in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $2,625 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($960 per unit), while the average price for exports to Nepal ($185 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 Uganda (-4.9%).
Imports of Animal Products; Bovine Semen in South Korea
In 2022, animal products; bovine semen imports into South Korea declined notably to 568 units, waning by -82.8% on the year before. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. Imports peaked at 4.6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, animal products; bovine semen imports shrank dramatically to $3.6M in 2022. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 11%. Imports peaked at $4.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Animal Products; Bovine Semen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.7 | 3.3 | 3.3 | 2.9 | -7.8% |
| Canada | 0.7 | 0.5 | 0.9 | 0.7 | 0.0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| France | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.5 | 3.9 | 4.3 | 3.6 | -7.2% |
Top Suppliers of Animal Products; Bovine Semen to South Korea in 2022:
- Canada (428.0 units)
- United States (140.0 units)
Exports of Animal Products; Bovine Semen in South Korea
For the fourth year in a row, South Korea recorded growth in shipments abroad of animal products; bovine semens, which increased by 100% to 134 units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, animal products; bovine semen exports expanded to $79K in 2022. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 115% against the previous year. As a result, the exports attained the peak of $116K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Animal Products; Bovine Semen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | N/A | 15.0 | 30.2 | 61.5 | 102.5% |
| Nepal | N/A | N/A | N/A | 11.5 | 0% |
| Uzbekistan | N/A | N/A | N/A | 3.3 | 0% |
| Kyrgyzstan | N/A | N/A | N/A | 3.2 | 0% |
| Uganda | 53.8 | 100 | 39.2 | N/A | -14.6% |
| Pakistan | N/A | N/A | 8.4 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 53.8 | 116 | 77.8 | 79.4 | 13.9% |
Top Export Markets for Animal Products; Bovine Semen from South Korea in 2022:
- Ethiopia (64.0 units)
- Nepal (62.0 units)
- Uzbekistan (4.0 units)
- Kyrgyzstan (4.0 units)
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