Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,778 per ton, surging by 2.5% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 48% m-o-m. The export price peaked at $3,093 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Canada ($5,782 per ton), while the average price for exports to Cote d'Ivoire ($843 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 Hong Kong SAR (+12.2%), 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 the UK (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,658 per ton in November 2023, rising by 11% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 24% m-o-m. As a result, import price reached the peak level of $3,388 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,988 per ton), while the price for Belgium ($1,140 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK
In 2022, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -8.8% to 13K tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 3.7%. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $37M in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 4.7% against the previous year. As a result, the exports reached the peak of $60M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.7 | 16.9 | 7.1 | 8.0 | -9.2% |
| United States | 5.0 | 3.0 | 6.0 | 6.0 | 6.3% |
| Ghana | 3.9 | 5.6 | 5.4 | 5.4 | 11.5% |
| France | 0.2 | 0.7 | 2.1 | 5.1 | 194.3% |
| South Africa | 1.1 | 1.7 | 1.2 | 1.8 | 17.8% |
| Poland | 1.8 | 1.9 | 2.1 | 0.8 | -23.7% |
| Hong Kong SAR | 10.1 | 11.5 | 4.0 | 0.7 | -58.9% |
| Netherlands | 0.4 | 0.3 | 1.8 | 0.5 | 7.7% |
| Ireland | 10.4 | 10.3 | 2.4 | 0.4 | -66.2% |
| Cote d'Ivoire | 1.1 | 0.6 | 0.2 | 0.2 | -43.3% |
| China | 3.1 | 0.4 | 0.4 | N/A | -64.1% |
| Others | 9.0 | 6.5 | 7.6 | 8.2 | -3.1% |
| Total | 56.9 | 59.5 | 40.5 | 37.2 | -13.2% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from the UK in 2022:
- Ghana (3.4K tons)
- France (2.1K tons)
- Canada (1.7K tons)
- South Africa (1.1K tons)
- United States (0.7K tons)
- Poland (0.4K tons)
- Ireland (0.3K tons)
- Cote d'Ivoire (0.3K tons)
- Netherlands (0.2K tons)
- Hong Kong SAR (0.2K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK
In 2022, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into the UK surged to 9.6K tons, rising by 129% against 2021. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $27M in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 3.5 | 2.5 | 3.8 | 11.2 | 47.4% |
| Poland | 0.2 | 0.9 | 2.7 | 6.1 | 212.4% |
| Netherlands | 0.2 | 0.5 | 1.2 | 2.9 | 143.8% |
| Germany | 2.4 | 2.6 | 2.6 | 2.8 | 5.3% |
| Italy | N/A | 0.3 | 0.6 | 1.1 | 91.5% |
| France | N/A | 0.1 | 0.4 | 1.1 | 231.7% |
| Belgium | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Others | 0.2 | 0.3 | 0.1 | 1.7 | 104.1% |
| Total | 6.5 | 7.2 | 11.4 | 27.2 | 61.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to the UK in 2022:
- Ireland (4.3K tons)
- Poland (1.7K tons)
- Netherlands (1.5K tons)
- Germany (0.6K tons)
- France (0.4K tons)
- Italy (0.3K tons)
- Belgium (0.2K tons)
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