Price for Animal Products; Bovine Semen in the UK - 2023
Contents:
- Price for Animal Products; Bovine Semen in the UK (CIF) - 2022
- Price for Animal Products; Bovine Semen in the UK (FOB) - 2022
- Imports of Animal Products; Bovine Semen in the UK
- Exports of Animal Products; Bovine Semen in the UK
Price for Animal Products; Bovine Semen in the UK (CIF) - 2022
The average animal products; bovine semen import price stood at $3,458 per unit in 2022, with a decrease of -53.2% against the previous year. Overall, the import price, however, recorded a measured expansion. The growth pace was the most rapid in 2016 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum at $9,034 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($27,583 per unit), while the price for Belgium ($140 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in the UK (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $153 per unit, with an increase of 12% against the previous year. In general, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 449%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($453 per unit), while the average price for exports to Nigeria ($17 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 China (+55.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in the UK
For the fourth consecutive year, the UK recorded growth in purchases abroad of animal products; bovine semens, which increased by 105% to 8.7K units in 2022. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal products; bovine semen imports contracted slightly to $30M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports reached the peak of $33M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Animal Products; Bovine Semen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.4 | 28.2 | 25.5 | 18.2 | -5.3% |
| Netherlands | N/A | N/A | N/A | 3.0 | 0% |
| France | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| Norway | 0.2 | 0.3 | 0.2 | 0.8 | 58.7% |
| Ireland | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Germany | N/A | N/A | N/A | 0.5 | 0% |
| Denmark | N/A | N/A | N/A | 0.4 | 0% |
| Belgium | N/A | N/A | N/A | 0.1 | 0% |
| Others | 3.6 | 4.1 | 5.1 | 5.5 | 15.2% |
| Total | 25.3 | 32.8 | 31.4 | 30.1 | 6.0% |
Top Suppliers of Animal Products; Bovine Semen to the UK in 2022:
- France (1811.0 units)
- Netherlands (1707.0 units)
- Ireland (1452.0 units)
- United States (913.0 units)
- Norway (631.0 units)
- Belgium (518.0 units)
- Denmark (390.0 units)
- Germany (296.0 units)
Exports of Animal Products; Bovine Semen in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of animal products; bovine semens, which decreased by -6.4% to 193K units in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -2.9% was in 2021. The exports peaked at 484K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, animal products; bovine semen exports rose remarkably to $29M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 8.4% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Animal Products; Bovine Semen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.4 | 6.5 | 5.2 | 5.2 | -14.8% |
| China | 0.5 | 0.8 | 1.6 | 2.7 | 75.4% |
| Ireland | 1.1 | 2.0 | 2.4 | 2.4 | 29.7% |
| Poland | 1.7 | 1.8 | 1.3 | 2.3 | 10.6% |
| France | 2.4 | 2.0 | 2.4 | 2.1 | -4.4% |
| Australia | 0.2 | 0.3 | 0.6 | 1.4 | 91.3% |
| Spain | 1.6 | 1.2 | 1.5 | 1.3 | -6.7% |
| Brazil | 0.4 | 0.4 | 0.8 | 0.8 | 26.0% |
| Canada | 0.4 | 0.3 | 0.8 | 0.8 | 26.0% |
| United States | 0.9 | 0.5 | 0.7 | 0.5 | -17.8% |
| New Zealand | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Nigeria | N/A | 0.1 | 1.0 | 0.2 | 41.4% |
| Latvia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 7.3 | 9.6 | 9.4 | 8.9 | 6.8% |
| Total | 24.7 | 25.7 | 27.9 | 29.4 | 6.0% |
Top Export Markets for Animal Products; Bovine Semen from the UK in 2022:
- China (23.7K units)
- Poland (16.5K units)
- Ireland (15.7K units)
- Australia (12.9K units)
- France (12.5K units)
- Italy (11.4K units)
- Nigeria (10.8K units)
- Spain (8.2K units)
- Canada (7.7K units)
- Brazil (6.2K units)
- United States (6.1K units)
- New Zealand (5.5K units)
- Latvia (4.7K units)
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