Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States - 2023
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (CIF) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (FOB) - 2022
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (CIF) - 2022
In 2022, the average import price for edible products of animal origin; not elsewhere specified or includeds amounted to $131,976 per ton, falling by -27.5% against the previous year. Overall, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 110%. The import price peaked at $182,122 per ton in 2021, and then fell remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($493,181 per ton), while the price for Thailand ($17,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (FOB) - 2022
The average export price for edible products of animal origin; not elsewhere specified or includeds stood at $4,582 per ton in 2022, growing by 10% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 78%. The export price peaked at $5,332 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($8,503 per ton), while the average price for exports to Thailand ($1,720 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 Jordan (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States
In 2022, the amount of edible products of animal origin; not elsewhere specified or includeds imported into the United States soared to 258 tons, rising by 17% compared with the previous year. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +63.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds fell remarkably to $34M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, imports reached the peak of $40M, and then dropped significantly in the following year.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 16.6 | 17.2 | 29.7 | 26.0 | 16.1% |
| Hong Kong SAR | 1.2 | 1.4 | 5.1 | 2.4 | 26.0% |
| China | 2.5 | 2.5 | 2.3 | 1.7 | -12.1% |
| Vietnam | 0.4 | 0.4 | 1.0 | 1.0 | 35.7% |
| France | 0.4 | 0.3 | 0.2 | 0.5 | 7.7% |
| Mexico | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Spain | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 1.1 | 1.8 | 1.4 | 1.6 | 13.3% |
| Total | 22.7 | 24.1 | 40.2 | 34.0 | 14.4% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to the United States in 2022:
- China (87.9 tons)
- Indonesia (52.7 tons)
- Vietnam (24.1 tons)
- Thailand (21.6 tons)
- Mexico (21.3 tons)
- France (13.3 tons)
- Hong Kong SAR (9.9 tons)
- Spain (7.9 tons)
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States
In 2022, approx. 677 tons of edible products of animal origin; not elsewhere specified or includeds were exported from the United States; falling by -59.2% against the previous year. Overall, exports recorded a sharp curtailment. The smallest decline of -0.3% was in 2021.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds reduced rapidly to $3.1M in 2022. In general, exports showed a sharp contraction. The smallest decline of -10.8% was in 2021.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Venezuela | 4,257 | 4,001 | 2,753 | 819 | -42.3% |
| Panama | 157 | 144 | 553 | 210 | 10.2% |
| Marshall Islands | N/A | N/A | 504 | 208 | -58.7% |
| Nigeria | 166 | 465 | 1,022 | 199 | 6.2% |
| Jordan | N/A | N/A | N/A | 192 | 0% |
| South Korea | 619 | 84.8 | 442 | 178 | -34.0% |
| Australia | 3.7 | 9.5 | N/A | 172 | 259.6% |
| Costa Rica | 316 | 39.4 | 3.7 | 99.5 | -32.0% |
| Canada | 158 | 213 | 193 | 99.2 | -14.4% |
| United Arab Emirates | 568 | 738 | 495 | 75.0 | -49.1% |
| Thailand | N/A | N/A | N/A | 56.1 | 0% |
| Cayman Islands | 10.6 | 96.6 | 43.0 | 51.6 | 69.5% |
| Senegal | N/A | N/A | N/A | 45.0 | 0% |
| Others | 17,516 | 1,939 | 887 | 697 | -65.9% |
| Total | 23,772 | 7,729 | 6,896 | 3,102 | -49.3% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from the United States in 2022:
- Venezuela (97.0 tons)
- Marshall Islands (82.5 tons)
- Jordan (54.0 tons)
- South Korea (48.8 tons)
- Nigeria (48.4 tons)
- Panama (42.1 tons)
- Australia (40.1 tons)
- Costa Rica (38.6 tons)
- United Arab Emirates (34.6 tons)
- Thailand (32.6 tons)
- Senegal (15.3 tons)
- Cayman Islands (12.9 tons)
- Canada (11.7 tons)
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