Price for Animal Products; Bovine Semen in the Philippines - 2023
Contents:
- Price for Animal Products; Bovine Semen in the Philippines (CIF) - 2022
- Imports of Animal Products; Bovine Semen in the Philippines
Price for Animal Products; Bovine Semen in the Philippines (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $5,026 per unit, jumping by 124% against the previous year. Overall, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +56.9% per year.
Imports of Animal Products; Bovine Semen in the Philippines
In 2022, purchases abroad of animal products; bovine semens decreased by -97.1% to 1 units, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 4.8% against the previous year. As a result, imports reached the peak of 65 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, animal products; bovine semen imports shrank notably to $5K in 2022. Overall, imports showed a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, imports reached the peak of $92K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Animal Products; Bovine Semen in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 5.1 | 1.9 | 17.3 | 5.0 | -0.7% |
Spain | 0.1 | 0.1 | N/A | N/A | 0.0% |
New Zealand | 29.4 | 48.3 | 24.9 | N/A | -8.0% |
Germany | 2.6 | 5.5 | 3.6 | N/A | 17.7% |
Australia | 13.5 | 25.7 | 6.8 | N/A | -29.0% |
United States | 8.4 | 8.7 | 24.8 | N/A | 71.8% |
Netherlands | 0.5 | 0.9 | 0.5 | N/A | 0.0% |
Others | 0.5 | 0.8 | 0.4 | N/A | -10.6% |
Total | 60.1 | 91.9 | 78.5 | 5.0 | -56.3% |
Top Suppliers of Animal Products; Bovine Semen to the Philippines in 2022:
- Canada (1.0 units)
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