Price for Animal Products; Bovine Semen in Latvia - 2023
Contents:
- Price for Animal Products; Bovine Semen in Latvia (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Latvia
Price for Animal Products; Bovine Semen in Latvia (CIF) - 2022
The average animal products; bovine semen import price stood at $1,099 per unit in 2022, waning by -15.2% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 79% against the previous year. The import price peaked at $2,773 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($1,517 per unit), while the price for Switzerland ($220 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Animal Products; Bovine Semen in Latvia
For the fourth consecutive year, Latvia recorded growth in supplies from abroad of animal products; bovine semens, which increased by 47% to 1.3K units in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, animal products; bovine semen imports surged to $1.4M in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Animal Products; Bovine Semen in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 540 | 453 | 550 | 536 | -0.2% |
| Germany | 64.6 | 219 | 272 | 337 | 73.4% |
| Netherlands | N/A | N/A | 82.5 | 236 | 186.1% |
| United Kingdom | N/A | N/A | 2.2 | 148 | 6627.3% |
| Denmark | N/A | 20.0 | 82.6 | 48.4 | 55.6% |
| Canada | 25.3 | 17.9 | 33.0 | 40.2 | 16.7% |
| Switzerland | 22.5 | 18.1 | 56.3 | 34.7 | 15.5% |
| France | N/A | 31.8 | 52.6 | 29.7 | -3.4% |
| Others | N/A | 3.0 | 8.2 | 13.1 | 109.0% |
| Total | 652 | 763 | 1,139 | 1,422 | 29.7% |
Top Suppliers of Animal Products; Bovine Semen to Latvia in 2022:
- United States (440.0 units)
- Netherlands (244.0 units)
- Germany (222.0 units)
- Switzerland (158.0 units)
- United Kingdom (109.0 units)
- Canada (62.0 units)
- Denmark (38.0 units)
- France (11.0 units)
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