Price for Animal Products; Bovine Semen in Serbia - 2023
Contents:
- Price for Animal Products; Bovine Semen in Serbia (CIF) - 2022
- Price for Animal Products; Bovine Semen in Serbia (FOB) - 2022
- Imports of Animal Products; Bovine Semen in Serbia
- Exports of Animal Products; Bovine Semen in Serbia
Price for Animal Products; Bovine Semen in Serbia (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $1,218 per unit, waning by -38.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 113%. As a result, import price reached the peak level of $1,992 per unit, and then contracted sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,736 per unit), while the price for Croatia ($282 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Animal Products; Bovine Semen in Serbia (FOB) - 2022
In 2022, the average animal products; bovine semen export price amounted to $3,463 per unit, growing by 18% against the previous year. In general, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 75% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +15.3% per year.
Imports of Animal Products; Bovine Semen in Serbia
In 2022, overseas purchases of animal products; bovine semens increased by 67% to 590 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at 807 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, animal products; bovine semen imports totaled $718K in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 3.4% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Animal Products; Bovine Semen in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 152 | 240 | 179 | 235 | 15.6% |
| Canada | 109 | 83.3 | 175 | 155 | 12.5% |
| Austria | 65.6 | 79.2 | 99.4 | 85.5 | 9.2% |
| Germany | 136 | 108 | 38.5 | 79.8 | -16.3% |
| Croatia | 35.9 | 54.6 | 7.4 | 51.3 | 12.6% |
| Netherlands | 7.6 | 10.9 | N/A | 30.7 | 59.3% |
| Switzerland | 27.0 | 31.2 | 38.1 | 24.4 | -3.3% |
| Belgium | 2.5 | 4.2 | 7.8 | 19.4 | 98.0% |
| Czech Republic | 20.8 | 41.5 | 28.8 | 12.3 | -16.1% |
| United Kingdom | N/A | 19.2 | N/A | 4.9 | -49.5% |
| Denmark | 98.1 | N/A | 82.9 | N/A | -8.1% |
| Others | 30.6 | 10.3 | 48.9 | 19.2 | -14.4% |
| Total | 685 | 682 | 705 | 718 | 1.6% |
Top Suppliers of Animal Products; Bovine Semen to Serbia in 2022:
- Croatia (182.0 units)
- Canada (90.0 units)
- Germany (90.0 units)
- United States (63.0 units)
- Netherlands (62.0 units)
- Austria (37.0 units)
- Czech Republic (22.0 units)
- Belgium (22.0 units)
- Switzerland (8.0 units)
- United Kingdom (3.0 units)
Exports of Animal Products; Bovine Semen in Serbia
For the third consecutive year, Serbia recorded decline in overseas shipments of animal products; bovine semens, which decreased by -37.5% to 5 units in 2022. In general, exports faced a significant curtailment. The exports peaked at 48 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, animal products; bovine semen exports declined dramatically to $17K in 2022. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 7.4% against the previous year. Over the period under review, the exports hit record highs at $48K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Animal Products; Bovine Semen in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 48.4 | 21.9 | 23.5 | 17.3 | -29.0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 48.5 | 21.9 | 23.5 | 17.3 | -29.1% |
Top Export Markets for Animal Products; Bovine Semen from Serbia in 2022:
- Bosnia and Herzegovina (5.0 units)
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