Price for Offal, Edible; of Swine, Fresh or Chilled in Portugal - 2023

Price for Offal, Edible; of Swine, Fresh or Chilled in Portugal (FOB) - 2023

The average export price for offal, edible; of swine, fresh or chilled stood at $1,086 per ton in October 2023, dropping by -13% against the previous month. Overall, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 58% m-o-m. As a result, the export price reached the peak level of $2,073 per ton. From January 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($1,097 per ton), while the average price for exports to Italy ($685 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.8%), while the prices for the other major destinations experienced a decline.

Price for Offal, Edible; of Swine, Fresh or Chilled in Portugal (CIF) - 2022

The average import price for offal, edible; of swine, fresh or chilled stood at $2,509 per ton in 2022, rising by 2.4% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 swine, fresh or chilled increased by +47.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,535 per ton), while the price for France ($1,114 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Offal, Edible; of Swine, Fresh or Chilled in Portugal

For the third year in a row, Portugal recorded decline in shipments abroad of offal, edible; of swine, fresh or chilled, which decreased by -12.4% to 1.3K tons in 2022. Overall, exports recorded a precipitous decrease.

In value terms, exports of offal, edible; of swine, fresh or chilled declined slightly to $2M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.8% against the previous year.

Export of Offal, Edible; of Swine, Fresh or Chilled in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	1,784	1,749	1,920	1,813	0.5%
Netherlands	N/A	N/A	N/A	58.9	0%
France	67.9	65.5	60.1	47.5	-11.2%
Italy	4.7	4.8	5.4	7.2	15.3%
Others	182	81.1	26.9	72.7	-26.4%
Total	2,038	1,901	2,012	1,999	-0.6%

Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from Portugal in 2022:

Spain (1180.6 tons)
France (36.0 tons)
Netherlands (32.9 tons)
Italy (32.4 tons)

Imports of Offal, Edible; of Swine, Fresh or Chilled in Portugal

In 2022, imports of offal, edible; of swine, fresh or chilled into Portugal fell to 446 tons, declining by -6.8% compared with 2021 figures. Over the period under review, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 478 tons, and then declined in the following year.

In value terms, imports of offal, edible; of swine, fresh or chilled dropped slightly to $1.1M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +53.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $1.2M, and then reduced slightly in the following year.