Price for Animal Products; Bovine Semen in the Dominican Republic - 2023
Contents:
- Price for Animal Products; Bovine Semen in the Dominican Republic (CIF) - 2022
- Imports of Animal Products; Bovine Semen in the Dominican Republic
Price for Animal Products; Bovine Semen in the Dominican Republic (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $364 per unit, growing by 66% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($878 per unit), while the price for the United States ($94 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced a decline.
Imports of Animal Products; Bovine Semen in the Dominican Republic
In 2022, the amount of animal products; bovine semens imported into the Dominican Republic reduced notably to 765 units, dropping by -51.6% against 2021 figures. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 152%. As a result, imports reached the peak of 1.6K units, and then declined rapidly in the following year.
In value terms, animal products; bovine semen imports fell remarkably to $278K in 2022. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, imports reached the peak of $347K, and then contracted significantly in the following year.
| Import of Animal Products; Bovine Semen in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 28.6 | 41.9 | 128 | 160 | 77.5% |
| Canada | 46.3 | 42.8 | 86.6 | 80.4 | 20.2% |
| United States | 104 | 68.4 | 107 | 38.2 | -28.4% |
| Switzerland | 19.7 | 20.6 | 24.5 | N/A | 11.5% |
| Others | 1.3 | 12.8 | 1.3 | N/A | 0.0% |
| Total | 200 | 186 | 347 | 278 | 11.6% |
Top Suppliers of Animal Products; Bovine Semen to the Dominican Republic in 2022:
- United States (408.0 units)
- Brazil (182.0 units)
- Canada (175.0 units)
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