Price for Animal Products; Bovine Semen in Thailand - 2023
Contents:
- Price for Animal Products; Bovine Semen in Thailand (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Thailand
Price for Animal Products; Bovine Semen in Thailand (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $3,242 per unit, jumping by 55% against the previous year. Over the period under review, the import price continues to indicate a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 69% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,907 per unit), while the price for Australia ($209 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Thailand
In 2022, imports of animal products; bovine semens into Thailand stood at 1.4K units, growing by 2.8% on the previous year. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. As a result, imports reached the peak of 1.7K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, animal products; bovine semen imports soared to $4.7M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 111%. 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,201 | 2,843 | 2,582 | 4,333 | 53.4% |
| France | 84.4 | 158 | 150 | 184 | 29.7% |
| United Kingdom | N/A | 106 | 39.9 | 107 | 0.5% |
| Canada | 177 | 112 | 137 | 19.6 | -52.0% |
| Australia | 45.5 | 19.6 | N/A | 8.3 | -43.3% |
| Netherlands | 24.4 | 27.9 | 8.0 | N/A | -42.7% |
| Others | 18.2 | 12.9 | 0.2 | 6.8 | -28.0% |
| Total | 1,551 | 3,279 | 2,917 | 4,659 | 44.3% |
Top Suppliers of Animal Products; Bovine Semen to Thailand in 2022:
- United States (883.0 units)
- France (381.0 units)
- United Kingdom (80.0 units)
- Canada (47.0 units)
- Australia (40.0 units)
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