Price for Animal Products; Bovine Semen in Morocco - 2022

Contents:

  1. Price for Animal Products; Bovine Semen in Morocco (CIF) - 2022
  2. Price for Animal Products; Bovine Semen in Morocco (FOB) - 2022
  3. Imports of Animal Products; Bovine Semen in Morocco
  4. Exports of Animal Products; Bovine Semen in Morocco

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

The average animal products; bovine semen import price stood at $477 per unit in 2022, with an increase of 7.1% against the previous year. In general, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $895 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,000 per unit), while the price for Belgium ($323 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Animal Products; Bovine Semen in Morocco (FOB) - 2022

In 2022, the average animal products; bovine semen export price amounted to $1,476 per unit, with a decrease of -12.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 80%. As a result, the export price attained the peak level of $3,013 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cameroon.

From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to +80.6% per year.

Imports of Animal Products; Bovine Semen in Morocco

In 2022, animal products; bovine semen imports into Morocco shrank sharply to 2.7K units, reducing by -36.3% compared with the year before. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.5%. Imports peaked at 4.5K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, animal products; bovine semen imports plummeted to $1.3M in 2022. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.4% against the previous year. Over the period under review, imports attained the peak figure at $1.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Animal Products; Bovine Semen in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States25114446850125.9%
France362329261336-2.5%
Belgium2763663593265.7%
Canada29812519890.2-32.9%
Others72983362550.1-59.0%
Total1,9151,7961,9111,303-12.0%

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

  1. United States (1026.0 units)
  2. Belgium (1010.0 units)
  3. France (382.0 units)
  4. Canada (275.0 units)

Exports of Animal Products; Bovine Semen in Morocco

Animal products; bovine semen exports from Morocco amounted to 5 units in 2022, approximately mirroring the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, animal products; bovine semen exports reduced to $7.4K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 51%. Over the period under review, the exports attained the peak figure at $8.4K in 2021, and then reduced in the following year.

Export of Animal Products; Bovine Semen in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cameroon4.25.18.47.420.8%
QatarN/A1.2N/AN/A0%
OthersN/AN/AN/AN/A0%
Total4.26.38.47.420.8%

Top Export Markets for Animal Products; Bovine Semen from Morocco in 2022:

  1. Cameroon (5.0 units)

Source: IndexBox Market Intelligence Platform

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