Price for Animal Products; Bovine Semen in Indonesia - 2022
Contents:
- Price for Animal Products; Bovine Semen in Indonesia (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Indonesia
Price for Animal Products; Bovine Semen in Indonesia (CIF) - 2022
The average animal products; bovine semen import price stood at $1,076 per unit in 2022, remaining relatively unchanged against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 decreased by -17.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 41%. Over the period under review, average import prices hit record highs at $1,301 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($1,159 per unit) and the United States ($1,051 per unit), while the price for Australia ($937 per unit) and Spain ($1,026 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Indonesia
In 2022, the amount of animal products; bovine semens imported into Indonesia skyrocketed to 910 units, surging by 18% against 2021 figures. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, animal products; bovine semen imports soared to $979K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 -13.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 55%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Animal Products; Bovine Semen in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 540 | 672 | 436 | 740 | 11.1% |
| Canada | 52.1 | 293 | 221 | 60.2 | 4.9% |
| Spain | 44.7 | 77.8 | 39.3 | 51.3 | 4.7% |
| Australia | 44.6 | 48.5 | 46.5 | 48.7 | 3.0% |
| New Zealand | 37.6 | 42.8 | 43.0 | 47.3 | 8.0% |
| Others | 11.1 | N/A | 38.9 | 31.8 | 42.0% |
| Total | 730 | 1,134 | 824 | 979 | 10.3% |
Top Suppliers of Animal Products; Bovine Semen to Indonesia in 2022:
- United States (704.0 units)
- Canada (52.0 units)
- Australia (52.0 units)
- Spain (50.0 units)
- New Zealand (45.0 units)
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