Price for Frozen Cuts and Edible Offal of Domestic Ducks in the United States - 2023

Contents:

1. Price for Frozen Cuts and Edible Offal of Domestic Ducks in the United States (CIF) - 2023
2. Price for Frozen Cuts and Edible Offal of Domestic Ducks in the United States (FOB) - 2023
3. Imports of Frozen Cuts and Edible Offal of Domestic Ducks in the United States
4. Exports of Frozen Cuts and Edible Offal of Domestic Ducks in the United States

Price for Frozen Cuts and Edible Offal of Domestic Ducks in the United States (CIF) - 2023

In December 2023, the average import price for frozen cuts and edible offal of domestic duckses amounted to $21,047 per ton, which is down by -20.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average import price increased by 46% against the previous month. Over the period under review, average import prices hit record highs at $28,552 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to +0.9% per month.

Price for Frozen Cuts and Edible Offal of Domestic Ducks in the United States (FOB) - 2023

In December 2023, the average export price for frozen cuts and edible offal of domestic duckses amounted to $2,964 per ton, with an increase of 32% against the previous month. Overall, export price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for frozen cuts and edible offal of domestic duckses increased by +69.0% against September 2023 indices. The pace of growth was the most pronounced in July 2023 an increase of 55% against the previous month. As a result, the export price reached the peak level of $3,163 per ton. From August 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Singapore ($3,328 per ton), while the average price for exports to Ecuador ($1,750 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Cuts and Edible Offal of Domestic Ducks in the United States

In 2022, imports of frozen cuts and edible offal of domestic duckses into the United States declined markedly to 552 tons, dropping by -30% on 2021 figures. Over the period under review, imports saw a slight setback. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports reached the peak of 788 tons, and then shrank notably in the following year.

In value terms, imports of frozen cuts and edible offal of domestic duckses reduced to $11M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $12M, and then contracted in the following year.

Top Suppliers of Frozen Cuts and Edible Offal of Domestic Ducks to the United States in 2022:

1. Canada (551.4 tons)

Exports of Frozen Cuts and Edible Offal of Domestic Ducks in the United States

In 2022, overseas shipments of frozen cuts and edible offal of domestic duckses decreased by -3.3% to 1.5K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of frozen cuts and edible offal of domestic duckses stood at $3.4M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. As a result, the exports reached the peak of $4.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Frozen Cuts and Edible Offal of Domestic Ducks from the United States in 2022:

1. Canada (472.8 tons)
2. Jamaica (310.0 tons)
3. Mexico (176.7 tons)
4. Japan (93.6 tons)
5. Costa Rica (79.2 tons)
6. Bahamas (55.9 tons)
7. Aruba (37.8 tons)
8. Peru (32.9 tons)
9. Philippines (27.6 tons)
10. Dominican Republic (12.2 tons)
11. Chile (2.1 tons)

Source: IndexBox Market Intelligence Platform