Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey - 2024
Contents:
- Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (FOB) - 2022
- Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey
- Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey
Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (FOB) - 2022
In 2022, the average export price for offal, edible; of bovine animals, livers, frozens amounted to $2,293 per ton, surging by 52% against the previous year. In general, export price indicated a perceptible increase from 2015 to 2022: its price increased at an average annual rate of +3.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, livers, frozens increased by +70.1% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 75%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Liberia ($2,841 per ton) and Panama ($2,321 per ton), while the average price for exports to Portugal ($1,960 per ton) and Malta ($2,030 per ton) were amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, livers, frozens amounted to $2,071 per ton, growing by 15% against the previous year. Overall, import price indicated a strong expansion from 2015 to 2022: its price increased at an average annual rate of +7.8% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, livers, frozens increased by +90.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
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 Spain ($2,463 per ton), while the price for Italy ($1,541 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey
In 2022, shipments abroad of offal, edible; of bovine animals, livers, frozens decreased by -46.4% to 20 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 718% against the previous year.
In value terms, exports of offal, edible; of bovine animals, livers, frozens shrank dramatically to $47K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 588%.
| Export of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Liberia | 0.9 | 5.2 | 5.0 | 14.1 | 150.2% |
| Panama | 0.2 | 5.7 | 11.5 | 8.5 | 249.0% |
| Malta | 0.8 | 7.7 | 9.9 | 6.9 | 105.1% |
| Marshall Islands | 0.6 | 6.5 | 8.3 | 5.9 | 114.2% |
| Greece | 0.1 | 0.9 | 2.5 | 2.1 | 175.9% |
| Russia | N/A | 2.4 | 4.6 | 1.7 | -15.8% |
| Bahamas | 0.4 | 0.6 | 2.9 | 1.5 | 55.4% |
| Portugal | N/A | 0.7 | 1.3 | 0.7 | 0.0% |
| Ethiopia | N/A | 1.4 | 0.7 | N/A | -50.0% |
| Others | 2.4 | 6.2 | 10.8 | 5.6 | 32.6% |
| Total | 5.4 | 37.2 | 57.5 | 46.9 | 105.6% |
Top Export Markets for Offal, Edible; of Bovine Animals, Livers, Frozen from Turkey in 2022:
- Liberia (5.0 tons)
- Panama (3.6 tons)
- Malta (3.4 tons)
- Marshall Islands (2.8 tons)
- Greece (0.9 tons)
- Russia (0.8 tons)
- Bahamas (0.7 tons)
- Portugal (0.4 tons)
Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey
In 2022, overseas purchases of offal, edible; of bovine animals, livers, frozens decreased by -23% to 20 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 188% against the previous year. As a result, imports reached the peak of 46 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of offal, edible; of bovine animals, livers, frozens dropped to $42K in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 196%. As a result, imports reached the peak of $56K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Offal, Edible; of Bovine Animals, Livers, Frozen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 5.4 | 7.8 | 16.5 | 26.4 | 69.7% |
| Poland | 10.1 | 17.7 | 24.7 | 12.6 | 7.7% |
| Germany | 2.9 | 0.9 | 2.9 | 1.1 | -27.6% |
| Spain | N/A | 0.2 | 1.3 | 1.1 | 134.5% |
| Italy | N/A | 0.3 | 0.6 | 0.9 | 73.2% |
| New Zealand | N/A | 2.4 | N/A | N/A | 0% |
| United States | N/A | 26.2 | N/A | N/A | 0% |
| Others | 0.4 | N/A | 1.3 | N/A | 80.3% |
| Total | 18.7 | 55.5 | 47.3 | 42.1 | 31.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Turkey in 2022:
- Brazil (11.6 tons)
- Poland (7.0 tons)
- Germany (0.6 tons)
- Italy (0.6 tons)
- Spain (0.5 tons)
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