Price for Animal Products; Bovine Semen in Ethiopia - 2022
Contents:
- Price for Animal Products; Bovine Semen in Ethiopia (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Ethiopia
Price for Animal Products; Bovine Semen in Ethiopia (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $3.2 per unit, with a decrease of -71.7% against the previous year. Overall, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 260%. As a result, import price attained the peak level of $11 per unit, and then contracted sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($13 per unit), while the price for the United States ($2.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+356.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Ethiopia
Animal products; bovine semen imports into Ethiopia soared to 350K units in 2022, growing by 513% against the previous year. In general, imports saw 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 skyrocketed to $1.1M in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 1,416%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Animal Products; Bovine Semen in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 2.0 | 18.0 | 879 | 480.2% |
| United Kingdom | 28.7 | 36.1 | 523 | 167 | 79.9% |
| South Korea | N/A | 2.7 | 79.3 | 65.1 | 391.0% |
| Others | 2.6 | 1.5 | 20.5 | N/A | 180.8% |
| Total | 35.8 | 42.3 | 641 | 1,111 | 214.3% |
Top Suppliers of Animal Products; Bovine Semen to Ethiopia in 2022:
- United States (329.6K units)
- United Kingdom (12.9K units)
- South Korea (7.1K units)
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