Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia - 2022

Contents:

  1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (FOB) - 2022
  2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (CIF) - 2022
  3. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia
  4. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (FOB) - 2022

The average export price for offal, edible; of bovine animals, fresh or chilleds stood at $8,625 per ton in February 2022, surging by 14% against the previous month. Over the period from February 2021 to February 2022, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in June 2021 an increase of 28% m-o-m. Over the period under review, the average export prices reached the maximum in February 2022.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From February 2021 to February 2022, the rate of growth in terms of prices for Vietnam amounted to +2.7% per month.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $3,396 per ton, shrinking by -10.8% against the previous year. Overall, the import price faced a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 29%. As a result, import price attained the peak level of $18,285 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($23,032 per ton), while the price for Argentina totaled $2,925 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+73.3%), while the prices for the other major suppliers experienced a decline.

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia

In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds was finally on the rise to reach 487 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds soared to $3.7M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SARN/AN/AN/A2,8070%
Vietnam7205554198535.8%
Myanmar290209N/AN/A-27.9%
Others21.40.60.18.8-25.6%
Total1,0327644193,66952.6%

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Colombia in 2022:

  1. Hong Kong SAR (372.4 tons)
  2. Vietnam (112.4 tons)

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia

In 2022, imports of offal, edible; of bovine animals, fresh or chilleds into Colombia declined remarkably to 1.3 tons, shrinking by -96.9% against the previous year. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 14%.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds fell notably to $4.5K in 2022. Over the period under review, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year.

Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina12.717.813.43.8-33.1%
ChileN/AN/AN/A0.70%
United States186122138N/A-13.9%
PanamaN/A3.69.6N/A166.7%
OthersN/AN/AN/AN/A0%
Total1981431614.5-71.7%

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Colombia in 2022:

  1. Argentina (1293.0 kg)
  2. Chile (31.0 kg)

Source: IndexBox Market Intelligence Platform

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