Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Finland - 2023

Contents:

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

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

The average import price for offal, edible; of bovine animals, fresh or chilleds stood at $1,586 per ton in 2022, increasing by 21% against the previous year. Over the period under review, the import price, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 26%. The import price peaked at $14,619 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the Netherlands ($11,817 per ton), while the price for Sweden ($1,391 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-5.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $5,511 per ton, rising by 12% against the previous year. Overall, the export price saw temperate growth. The pace of growth appeared the most rapid in 2016 an increase of 36% against the previous year. As a result, the export price attained the peak level of $5,667 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($7,839 per ton), while the average price for exports to Spain ($3,170 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 1.7K tons of offal, edible; of bovine animals, fresh or chilleds were imported into Finland; picking up by 6.8% compared with 2021. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds surged to $2.8M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Germany (1521.2 tons)
2. Sweden (213.0 tons)

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

In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds decreased by -91.7% to 7.6 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, the exports attained the peak of 366 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds declined notably to $42K in 2022. Overall, exports recorded a significant decrease. The smallest decline of -2.7% was in 2020.

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

1. Estonia (3.5 tons)
2. Spain (2.0 tons)
3. France (1.8 tons)
4. Denmark (0.2 tons)

Source: IndexBox Market Intelligence Platform