Price for Animal Products; Bovine Semen in Nepal - 2022
Contents:
- Price for Animal Products; Bovine Semen in Nepal (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Nepal
Price for Animal Products; Bovine Semen in Nepal (CIF) - 2022
The average animal products; bovine semen import price stood at $21 per unit in 2022, which is down by -14.8% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of 72%. Over the period under review, average import prices attained the maximum at $27 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($39 per unit), while the price for the United States ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Nepal
In 2022, the amount of animal products; bovine semens imported into Nepal skyrocketed to 7.5K units, with an increase of 151% compared with 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 295% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, animal products; bovine semen imports skyrocketed to $156K in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 329%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Animal Products; Bovine Semen in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.7 | 2.3 | 8.7 | 98.4 | 60.7% |
| Canada | 1.4 | 1.6 | 14.5 | 28.2 | 172.1% |
| United Kingdom | N/A | N/A | N/A | 16.3 | 0% |
| South Korea | N/A | N/A | N/A | 12.7 | 0% |
| New Zealand | 28.3 | 13.1 | 46.8 | N/A | 28.6% |
| Others | N/A | N/A | 2.7 | N/A | 0% |
| Total | 53.4 | 16.9 | 72.8 | 156 | 43.0% |
Top Suppliers of Animal Products; Bovine Semen to Nepal in 2022:
- United States (5.5K units)
- Canada (0.9K units)
- United Kingdom (0.7K units)
- South Korea (0.3K units)
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