Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (FOB) - 2023
In October 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $3,935 per ton, rising by 8.4% against the previous month. Over the period under review, export price indicated pronounced growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for offal, edible; of bovine animals, fresh or chilleds decreased by -19.7% against August 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 39% month-to-month. The export price peaked at $4,901 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Italy ($7,808 per ton), while the average price for exports to Germany ($916 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (CIF) - 2023
In September 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $7,646 per ton, remaining relatively unchanged against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in November 2022 an increase of 11% against the previous month. The import price peaked at $7,961 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Italy ($9,378 per ton) and Ireland ($8,995 per ton), while the price for Germany ($6,805 per ton) and Poland ($7,122 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain
In 2022, exports of offal, edible; of bovine animals, fresh or chilleds from Spain stood at 11K tons, almost unchanged from 2021. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds totaled $34M in 2022. The total export value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.2 | 4.4 | 6.0 | 6.4 | 15.1% |
| Italy | 5.3 | 4.8 | 5.9 | 5.9 | 3.6% |
| Portugal | 4.7 | 3.7 | 5.0 | 5.7 | 6.6% |
| Greece | 5.9 | 5.7 | 6.4 | 5.2 | -4.1% |
| Germany | 0.7 | 1.1 | 2.0 | 3.5 | 71.0% |
| Denmark | 0.5 | 0.7 | 1.9 | 2.6 | 73.2% |
| Netherlands | 0.2 | 0.5 | 1.7 | 1.0 | 71.0% |
| Others | 4.0 | 5.0 | 5.4 | 4.0 | 0.0% |
| Total | 25.5 | 25.7 | 34.2 | 34.3 | 10.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Spain in 2022:
- France (2.5K tons)
- Germany (2.4K tons)
- Italy (1.2K tons)
- Portugal (1.1K tons)
- Greece (1.1K tons)
- Netherlands (0.8K tons)
- Denmark (0.6K tons)
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain
In 2022, supplies from abroad of offal, edible; of bovine animals, fresh or chilleds was finally on the rise to reach 1.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt contraction.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $9.7M in 2022. In general, imports, however, saw a deep slump.
| Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.8 | 1.0 | 1.9 | 2.4 | 10.1% |
| Poland | 2.2 | 1.4 | 1.6 | 1.9 | -4.8% |
| France | 1.9 | 1.1 | 1.4 | 1.7 | -3.6% |
| Ireland | 3.9 | 2.2 | 1.3 | 1.5 | -27.3% |
| United Kingdom | 0.8 | 0.4 | 0.2 | 0.8 | 0.0% |
| Denmark | 0.9 | 0.4 | 0.4 | 0.6 | -12.6% |
| Italy | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Portugal | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Others | 0.7 | 0.4 | 0.4 | 0.5 | -10.6% |
| Total | 12.5 | 7.1 | 7.5 | 9.7 | -8.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Spain in 2022:
- Germany (356.7 tons)
- Poland (281.3 tons)
- France (210.2 tons)
- Ireland (192.8 tons)
- United Kingdom (133.3 tons)
- Denmark (97.1 tons)
- Italy (79.0 tons)
- Portugal (33.5 tons)
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