Price for Animal Products; Bovine Semen in Venezuela - 2022
Contents:
- Price for Animal Products; Bovine Semen in Venezuela (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Venezuela
Price for Animal Products; Bovine Semen in Venezuela (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $32 per unit, falling by -16.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2015 an increase of 19%. Over the period under review, average import prices reached the peak figure at $39 per unit in 2021, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($134 per unit), while the price for Uruguay ($5.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Venezuela
For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of animal products; bovine semens, which increased by 8.7% to 970 units in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, animal products; bovine semen imports declined to $31K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $34K in 2021, and then fell in the following year.
| Import of Animal Products; Bovine Semen in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.4 | 11.7 | 17.1 | 15.6 | 28.2% |
| Brazil | 8.3 | 10.2 | 11.9 | 10.1 | 6.8% |
| United States | 2.8 | 2.6 | 1.6 | 2.8 | 0.0% |
| Uruguay | 3.6 | 3.8 | 3.7 | 2.7 | -9.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.1 | 28.2 | 34.3 | 31.3 | 12.3% |
Top Suppliers of Animal Products; Bovine Semen to Venezuela in 2022:
- Uruguay (474.0 units)
- United States (238.0 units)
- Italy (183.0 units)
- Brazil (75.0 units)
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