Price for Animal Products; Bovine Semen in Hong Kong SAR - 2022
Contents:
- Price for Animal Products; Bovine Semen in Hong Kong SAR (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Hong Kong SAR
Price for Animal Products; Bovine Semen in Hong Kong SAR (CIF) - 2022
The average animal products; bovine semen import price stood at $5.2 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when the average import price increased by 75% against the previous year. The import price peaked at $5.3 per unit in 2021, and then dropped slightly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +20.0% per year.
Imports of Animal Products; Bovine Semen in Hong Kong SAR
In 2022, animal products; bovine semen imports into Hong Kong SAR shrank significantly to 7.5K units, reducing by -43.1% on 2021. Over the period under review, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 629% against the previous year. As a result, imports attained the peak of 13K units, and then contracted significantly in the following year.
In value terms, animal products; bovine semen imports reduced sharply to $39K in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 713%. As a result, imports attained the peak of $70K, and then declined notably in the following year.
| Import of Animal Products; Bovine Semen in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.8 | 6.8 | 70.1 | 39.4 | 16.7% |
| United Kingdom | 2.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.9 | N/A | N/A | 0% |
| Total | 27.7 | 8.6 | 70.1 | 39.4 | 12.5% |
Top Suppliers of Animal Products; Bovine Semen to Hong Kong SAR in 2022:
- United States (7.5K units)
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