Price for Animal Products; Bovine Semen in Sri Lanka - 2021
Contents:
- Price for Animal Products; Bovine Semen in Sri Lanka (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Sri Lanka
Price for Animal Products; Bovine Semen in Sri Lanka (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $824 per unit, growing by 72% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,214 per unit), while the price for Denmark ($721 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Sri Lanka
In 2022, overseas purchases of animal products; bovine semens decreased by -0.9% to 226 units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 94% against the previous year. As a result, imports reached the peak of 351 units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, animal products; bovine semen imports surged to $186K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.0% against 2020 indices. Imports peaked at $190K in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Animal Products; Bovine Semen in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 53.7 | 73.3 | 27.7 | 78.9 | 13.7% |
| Denmark | 24.7 | 33.7 | 27.8 | 68.5 | 40.5% |
| Brazil | 2.1 | 4.3 | 5.4 | 38.8 | 164.4% |
| United Kingdom | 11.5 | 28.8 | 19.7 | N/A | 30.9% |
| India | N/A | N/A | 4.8 | N/A | 0% |
| Canada | 6.3 | 11.6 | 20.2 | N/A | 79.1% |
| Others | 30.1 | 38.4 | 3.9 | N/A | -64.0% |
| Total | 128 | 190 | 109 | 186 | 13.3% |
Top Suppliers of Animal Products; Bovine Semen to Sri Lanka in 2022:
- United States (99.0 units)
- Denmark (95.0 units)
- Brazil (32.0 units)
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