Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Uruguay - 2022

Contents:

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

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Uruguay (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,970 per ton in 2022, falling by -4.4% against the previous year. In general, the export price saw a mild decrease. The pace of growth was the most pronounced in 2021 an increase of 43%. Over the period under review, the average export prices attained the maximum at $2,287 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,117 per ton), while the average price for exports to Hong Kong SAR ($1,836 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 China (-0.4%), while the prices for the other major destinations experienced a decline.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Uruguay (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,743 per ton, increasing by 5.1% against the previous year. Overall, the import price recorded notable growth. The pace of growth was the most pronounced in 2021 an increase of 81% against the previous year. The import price peaked at $2,994 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($3,220 per ton), while the price for Brazil stood at $2,289 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+29.5%), 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 Uruguay

In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Uruguay reduced to 92K tons, waning by -7.6% against the previous year. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, the exports reached the peak of 99K tons, and then declined in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens shrank to $180M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of $204M, and then contracted in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Uruguay in 2022:

1. China (87.4K tons)
2. Russia (1.1K tons)

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Uruguay

In 2022, overseas purchases of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -53.6% to 256 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 47%.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped rapidly to $703K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 129% against the previous year. As a result, imports reached the peak of $1.4M, and then shrank significantly in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Uruguay in 2022:

1. Brazil (131.4 tons)
2. Paraguay (125.0 tons)

Source: IndexBox Market Intelligence Platform