Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark (CIF) - 2023
3. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark
4. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark (FOB) - 2023

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,982 per ton in October 2023, which is down by -34.9% against the previous month. In general, the export price recorded a slight setback. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 77% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,194 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($6,601 per ton), while the average price for exports to Cote d'Ivoire ($1,084 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 Canada (+0.9%), while the prices for the other major destinations experienced a decline.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark (CIF) - 2023

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,590 per ton in October 2023, with a decrease of -35.5% against the previous month. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in March 2023 an increase of 122% m-o-m. The import price peaked at $5,335 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Spain ($2,855 per ton), while the price for Australia ($384 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ireland (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark

In 2022, approx. 2.6K tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were exported from Denmark; waning by -24.9% against the year before. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 18%. As a result, the exports reached the peak of 3.4K tons, and then declined rapidly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted notably to $7.6M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $9.3M, and then declined significantly in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Denmark in 2022:

1. Canada (670.2 tons)
2. Poland (573.3 tons)
3. Cote d'Ivoire (239.3 tons)
4. Hong Kong SAR (226.0 tons)
5. Singapore (174.7 tons)
6. Germany (151.9 tons)
7. Bulgaria (100.8 tons)
8. Kazakhstan (91.3 tons)
9. Hungary (78.5 tons)
10. Spain (55.9 tons)
11. Japan (55.0 tons)
12. Egypt (10.5 tons)

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Denmark

Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Denmark skyrocketed to 2.5K tons in 2022, picking up by 245% against 2021. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $3.6M in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 229% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Denmark in 2022:

1. Germany (946.3 tons)
2. Australia (383.5 tons)
3. Spain (288.8 tons)
4. Belgium (271.6 tons)
5. Netherlands (255.5 tons)
6. Poland (111.2 tons)
7. Ireland (68.6 tons)
8. Sweden (44.7 tons)
9. Italy (14.4 tons)

Source: IndexBox Market Intelligence Platform