Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (FOB) - 2023
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,982 per ton in November 2023, which is down by -8.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices attained the maximum at $2,174 per ton in October 2023, and then reduced in the following month.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Vietnam ($3,090 per ton), while the average price for exports to Democratic Republic of the Congo ($664 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,005 per ton, growing by 7.1% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 182%. As a result, import price attained the peak level of $4,158 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +3.5% per year.
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India
After three years of growth, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -16.2% to 100K tons in 2022. The total export volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports reached the peak of 119K tons, and then fell remarkably in the following year.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted markedly to $209M in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports reached the peak of $299M, and then shrank remarkably in the following year.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 6.1 | 15.2 | 9.3 | 78.5 | 134.3% |
| Vietnam | 140 | 110 | 152 | 43.5 | -32.3% |
| Egypt | 12.3 | 33.3 | 26.6 | 20.6 | 18.8% |
| Malaysia | 9.0 | 20.9 | 21.8 | 19.5 | 29.4% |
| Iraq | N/A | 1.4 | 3.4 | 8.2 | 142.0% |
| Thailand | 16.7 | 4.7 | 1.6 | 5.7 | -30.1% |
| Senegal | 0.1 | 0.2 | 0.3 | 5.6 | 282.6% |
| Cambodia | 0.3 | 2.1 | 3.9 | 5.0 | 155.4% |
| Congo | 2.0 | 5.6 | 6.6 | 3.8 | 23.9% |
| Bangladesh | 1.0 | 3.9 | 6.2 | 3.5 | 51.8% |
| Democratic Republic of the Congo | 0.9 | 4.0 | 4.0 | 2.8 | 46.0% |
| Liberia | 0.9 | 1.4 | 1.4 | 2.2 | 34.7% |
| Cote d'Ivoire | 0.1 | 1.1 | 3.2 | 2.2 | 180.2% |
| Others | 23.4 | 31.3 | 58.7 | 7.7 | -31.0% |
| Total | 213 | 236 | 299 | 209 | -0.6% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from India in 2022:
- Hong Kong SAR (29.8K tons)
- Egypt (16.0K tons)
- Vietnam (12.2K tons)
- Malaysia (8.0K tons)
- Congo (3.8K tons)
- Bangladesh (3.4K tons)
- Iraq (3.2K tons)
- Cambodia (3.0K tons)
- Democratic Republic of the Congo (3.0K tons)
- Thailand (3.0K tons)
- Cote d'Ivoire (3.0K tons)
- Liberia (2.2K tons)
- Senegal (2.2K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India
In 2022, purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens was finally on the rise to reach 40 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a dramatic downturn.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $41K in 2022. Overall, imports, however, faced a sharp curtailment.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 47.5 | 62.1 | 13.1 | 39.6 | -5.9% |
| Nicaragua | 47.4 | N/A | N/A | N/A | 0% |
| Namibia | N/A | N/A | 3.4 | N/A | 0% |
| Vietnam | 80.2 | N/A | N/A | N/A | 0% |
| France | 40.0 | N/A | N/A | N/A | 0% |
| Others | 41.8 | 2.1 | 0.3 | 0.9 | -72.2% |
| Total | 257 | 64.1 | 16.9 | 40.5 | -46.0% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to India in 2022:
- Australia (40.1 tons)
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