Price for Animal Products; Bovine Semen in the United States - 2023
Contents:
- Price for Animal Products; Bovine Semen in the United States (FOB) - 2023
- Price for Animal Products; Bovine Semen in the United States (CIF) - 2023
- Exports of Animal Products; Bovine Semen in the United States
- Imports of Animal Products; Bovine Semen in the United States
Price for Animal Products; Bovine Semen in the United States (FOB) - 2023
The average animal products; bovine semen export price stood at $8.8 per unit in April 2023, increasing by 4.5% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in June 2022 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices attained the peak figure in April 2023.
There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was the UK ($12.8 per unit), while the average price for exports to Uruguay ($4.3 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in the United States (CIF) - 2023
The average animal products; bovine semen import price stood at $6.3 per unit in April 2023, surging by 4.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in August 2022 an increase of 47% m-o-m. As a result, import price attained the peak level of $7.5 per unit. From September 2022 to April 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($27.8 per unit), while the price for Canada amounted to $5.9 per unit.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by France (+12.1%).
Exports of Animal Products; Bovine Semen in the United States
After three years of growth, overseas shipments of animal products; bovine semens decreased by -6.2% to 39M units in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% 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 +78.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 52%. Over the period under review, the exports reached the maximum at 42M units in 2021, and then reduced in the following year.
In value terms, animal products; bovine semen exports expanded to $295M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 21%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Animal Products; Bovine Semen in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.9 | 53.7 | 79.3 | 93.4 | 38.8% |
| Russia | 9.5 | 16.8 | 19.1 | 31.1 | 48.5% |
| United Kingdom | 21.3 | 29.1 | 25.3 | 19.7 | -2.6% |
| Brazil | 19.3 | 24.2 | 26.8 | 15.2 | -7.7% |
| Mexico | 15.1 | 13.3 | 13.6 | 14.0 | -2.5% |
| Argentina | 7.2 | 8.8 | 10.9 | 11.1 | 15.5% |
| Japan | 9.9 | 10.8 | 13.2 | 8.8 | -3.9% |
| Australia | 5.3 | 7.1 | 7.9 | 8.3 | 16.1% |
| Canada | 8.6 | 9.0 | 8.7 | 7.9 | -2.8% |
| Italy | 6.6 | 6.4 | 7.2 | 6.7 | 0.5% |
| Germany | 6.0 | 5.8 | 5.6 | 6.6 | 3.2% |
| Netherlands | 4.0 | 5.9 | 6.9 | 6.3 | 16.3% |
| Thailand | 1.2 | 2.5 | 2.0 | 3.7 | 45.5% |
| Others | 59.4 | 58.1 | 64.2 | 62.5 | 1.7% |
| Total | 208 | 252 | 290 | 295 | 12.4% |
Top Export Markets for Animal Products; Bovine Semen from the United States in 2022:
- China (10.6M units)
- Russia (4.3M units)
- Brazil (3.5M units)
- Mexico (2.4M units)
- Argentina (2.3M units)
- United Kingdom (2.0M units)
- Netherlands (1.1M units)
- Canada (0.9M units)
- Australia (0.9M units)
- Italy (0.7M units)
- Japan (0.7M units)
- Germany (0.6M units)
- Thailand (0.6M units)
Imports of Animal Products; Bovine Semen in the United States
In 2022, the amount of animal products; bovine semens imported into the United States skyrocketed to 6M units, with an increase of 86% compared with 2021. Over the period under review, imports enjoyed a significant expansion. 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 skyrocketed to $35M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Animal Products; Bovine Semen in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 26.7 | 28.2 | 23.3 | 27.2 | 0.6% |
| Norway | 0.2 | 0.4 | 0.2 | 1.8 | 108.0% |
| Australia | 0.5 | 0.5 | 0.4 | 1.4 | 40.9% |
| Denmark | 0.5 | 0.9 | 0.8 | 1.2 | 33.9% |
| France | 2.6 | 1.0 | 1.1 | 1.0 | -27.3% |
| Netherlands | 0.4 | 0.5 | 0.3 | 0.7 | 20.5% |
| Others | 1.5 | 1.0 | 1.1 | 1.2 | -7.2% |
| Total | 32.5 | 32.6 | 27.2 | 34.6 | 2.1% |
Top Suppliers of Animal Products; Bovine Semen to the United States in 2022:
- Canada (5302.0K units)
- Norway (168.1K units)
- France (141.2K units)
- Denmark (110.5K units)
- Australia (92.9K units)
- Netherlands (91.6K units)
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