Price for Animal Products; Bovine Semen in Bangladesh - 2022

Contents:

  1. Price for Animal Products; Bovine Semen in Bangladesh (CIF) - 2022
  2. Imports of Animal Products; Bovine Semen in Bangladesh

Price for Animal Products; Bovine Semen in Bangladesh (CIF) - 2022

The average animal products; bovine semen import price stood at $14 per unit in 2022, waning by -1.7% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal products; bovine semen import price increased by +3.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 90%. Over the period under review, average import prices hit record highs at $16 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($27 per unit), while the price for the United States ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Animal Products; Bovine Semen in Bangladesh

After three years of growth, overseas purchases of animal products; bovine semens decreased by -20% to 2.6K units in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. Imports peaked at 3.3K units in 2021, and then dropped remarkably in the following year.

In value terms, animal products; bovine semen imports dropped notably to $36K in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 75%. As a result, imports reached the peak of $45K, and then dropped remarkably in the following year.

Import of Animal Products; Bovine Semen in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.112.927.225.260.5%
Canada6.98.714.09.310.5%
Switzerland2.82.82.70.8-34.1%
Italy1.51.61.50.4-35.6%
OthersN/AN/AN/AN/A0%
Total17.326.045.435.727.3%

Top Suppliers of Animal Products; Bovine Semen to Bangladesh in 2022:

  1. United States (1867.0 units)
  2. Canada (692.0 units)
  3. Italy (32.0 units)
  4. Switzerland (28.0 units)

Source: IndexBox Market Intelligence Platform

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