Price for Animal Products; Bovine Semen in Pakistan - 2023
Contents:
- Price for Animal Products; Bovine Semen in Pakistan (CIF) - 2022
- Price for Animal Products; Bovine Semen in Pakistan (FOB) - 2022
- Imports of Animal Products; Bovine Semen in Pakistan
- Exports of Animal Products; Bovine Semen in Pakistan
Price for Animal Products; Bovine Semen in Pakistan (CIF) - 2022
The average animal products; bovine semen import price stood at $87 per unit in 2022, picking up by 24% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 53%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 the Netherlands ($154 per unit), while the price for Canada ($55 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 (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in Pakistan (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $2,344 per unit, which is down by -2.2% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,514% against the previous year. The export price peaked at $2,610 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +39.7% per year.
Imports of Animal Products; Bovine Semen in Pakistan
Animal products; bovine semen imports into Pakistan contracted to 35K units in 2022, which is down by -9.3% against the year before. Overall, imports faced a precipitous decrease. Over the period under review, imports hit record highs at 82K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, animal products; bovine semen imports reached $3.1M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Animal Products; Bovine Semen in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,951 | 1,878 | 1,584 | 2,156 | 3.4% |
| Canada | 254 | 382 | 550 | 373 | 13.7% |
| United Kingdom | 40.0 | 86.0 | 111 | 113 | 41.4% |
| Netherlands | 46.3 | 104 | 142 | 94.0 | 26.6% |
| Germany | 65.9 | 162 | 42.9 | 52.2 | -7.5% |
| Others | 108 | 201 | 322 | 302 | 40.9% |
| Total | 2,464 | 2,813 | 2,752 | 3,090 | 7.8% |
Top Suppliers of Animal Products; Bovine Semen to Pakistan in 2022:
- United States (23.6K units)
- Canada (6.8K units)
- United Kingdom (2.0K units)
- Netherlands (0.6K units)
- Germany (0.3K units)
Exports of Animal Products; Bovine Semen in Pakistan
In 2022, exports of animal products; bovine semens from Pakistan amounted to 4 units, standing approx. at the year before. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, animal products; bovine semen exports contracted slightly to $9.4K in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 4.5%. The exports peaked at $9.6K in 2021, and then fell in the following year.
| Export of Animal Products; Bovine Semen in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.8 | 9.2 | 9.6 | 9.4 | 2.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.8 | 9.2 | 9.6 | 9.4 | 2.2% |
Top Export Markets for Animal Products; Bovine Semen from Pakistan in 2022:
- United Arab Emirates (4.0 units)
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