Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore - 2023

Contents:

  1. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (CIF) - 2022
  2. Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (FOB) - 2022
  3. Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore
  4. Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (CIF) - 2022

The average import price for offal, edible; of bovine animals, livers, frozens stood at $1,423 per ton in 2022, remaining constant against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 an increase of 56% against the previous year. The import price peaked at $1,572 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($2,087 per ton), while the price for New Zealand ($1,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, livers, frozens amounted to $1,568 per ton, picking up by 3.5% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The export price peaked at $1,890 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Timor-Leste ($1,986 per ton), while the average price for exports to Indonesia stood at $1,546 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-1.0%).

Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore

In 2022, imports of offal, edible; of bovine animals, livers, frozens into Singapore contracted notably to 266 tons, which is down by -46.4% on the previous year. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 117%. As a result, imports reached the peak of 496 tons, and then contracted significantly in the following year.

In value terms, imports of offal, edible; of bovine animals, livers, frozens declined notably to $378K in 2022. Overall, imports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 238%. As a result, imports reached the peak of $695K, and then contracted notably in the following year.

Import of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia313159240162-19.7%
New Zealand30.639.434585.040.6%
IndiaN/A3.459.477.6377.7%
SwedenN/AN/A11.631.3169.8%
BrazilN/A1.136.910.5209.0%
Argentina1.1N/AN/A7.690.5%
Others9.22.12.24.5-21.2%
Total3542056953782.2%

Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Singapore in 2022:

  1. Australia (105.8 tons)
  2. New Zealand (70.8 tons)
  3. India (53.0 tons)
  4. Sweden (24.6 tons)
  5. Brazil (5.0 tons)
  6. Argentina (5.0 tons)

Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore

After two years of decline, overseas shipments of offal, edible; of bovine animals, livers, frozens increased by 24% to 82 tons in 2022. In general, exports, however, recorded a dramatic curtailment.

In value terms, exports of offal, edible; of bovine animals, livers, frozens surged to $129K in 2022. Overall, exports, however, saw a abrupt downturn.

Export of Offal, Edible; of Bovine Animals, Livers, Frozen in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia16992.396.7121-10.5%
Timor-Leste0.10.32.08.2334.4%
Malaysia4.6N/AN/AN/A0%
Oman13.78.3N/AN/A-39.4%
Others0.13.22.00.10.0%
Total187104101129-11.6%

Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from Singapore in 2022:

  1. Indonesia (78.1 tons)
  2. Timor-Leste (4.1 tons)

Source: IndexBox Market Intelligence Platform

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