Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia (FOB) - 2023
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia (FOB) - 2023
In December 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $11,993 per ton, rising by 2.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 44% against the previous month. As a result, the export price attained the peak level of $19,049 per ton. From February 2023 to December 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 Taiwan (Chinese) ($16,138 per ton), while the average price for exports to Indonesia ($2,848 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 South Korea (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia
In 2022, exports of offal, edible; of bovine animals, fresh or chilleds from Australia reduced modestly to 7.5K tons, almost unchanged from the year before. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 1.8%.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds dropped slightly to $100M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $103M, and then contracted modestly in the following year.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 73.8 | 59.4 | 74.1 | 71.8 | -0.9% |
| South Korea | 11.3 | 15.1 | 16.5 | 14.6 | 8.9% |
| Taiwan (Chinese) | 1.6 | 1.6 | 2.7 | 4.2 | 37.9% |
| Singapore | 1.7 | 1.7 | 2.0 | 2.3 | 10.6% |
| Hong Kong SAR | 1.4 | 1.9 | 2.8 | 2.3 | 18.0% |
| United States | 3.2 | 2.2 | 1.9 | 2.1 | -13.1% |
| Thailand | 0.5 | 0.4 | 0.3 | 0.6 | 6.3% |
| United Arab Emirates | 1.0 | 1.1 | 1.0 | 0.4 | -26.3% |
| Indonesia | 0.4 | 0.1 | 0.6 | 0.2 | -20.6% |
| China | 3.5 | 0.9 | N/A | 0.1 | -69.4% |
| Others | 0.8 | 0.8 | 0.9 | 1.2 | 14.5% |
| Total | 99.2 | 85.2 | 103 | 100 | 0.3% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Australia in 2022:
- Japan (5001.5 tons)
- South Korea (1275.4 tons)
- Taiwan (Chinese) (194.2 tons)
- United States (176.2 tons)
- Singapore (161.4 tons)
- Hong Kong SAR (155.7 tons)
- Thailand (136.2 tons)
- United Arab Emirates (111.4 tons)
- Indonesia (68.7 tons)
- China (6.2 tons)
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