Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia (CIF) - 2022
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia
4. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $5,201 per ton, jumping by 37% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, tongues, frozens increased by +111.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($5,564 per ton), while the price for Finland ($5,026 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $5,581 per ton, jumping by 26% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, tongues, frozens increased by +109.9% against 2017 indices. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $5,605 per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($10,009 per ton), while the average price for exports to Lithuania ($4,945 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia

In 2022, after three years of growth, there was significant decline in overseas purchases of offal, edible; of bovine animals, tongues, frozens, when their volume decreased by -15.6% to 83 tons. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $429K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 58%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Estonia in 2022:

1. Finland (47.6 tons)
2. Poland (21.3 tons)
3. Lithuania (11.8 tons)

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Estonia

After three years of growth, shipments abroad of offal, edible; of bovine animals, tongues, frozens decreased by -51.3% to 31 tons in 2022. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 71%.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens dropped significantly to $172K in 2022. Over the period under review, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Estonia in 2022:

1. Lithuania (15.3 tons)
2. Latvia (14.6 tons)
3. Norway (0.8 tons)

Source: IndexBox Market Intelligence Platform