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

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Greece (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Greece (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Greece
4. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Greece

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,232 per ton in October 2023, with an increase of 13% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 71% m-o-m. As a result, import price reached the peak level of $4,218 per ton. From August 2023 to October 2023, the average 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 Germany ($4,921 per ton), while the price for Cyprus ($1,135 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 Argentina (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Greece (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $966 per ton, dropping by -7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $1,289 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($3,385 per ton), while the average price for exports to Liberia ($568 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens increased by 31% to 987 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained 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 skyrocketed to $2.4M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +68.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (426.6 tons)
2. Germany (186.8 tons)
3. Poland (69.8 tons)
4. Netherlands (53.9 tons)
5. Cyprus (53.3 tons)
6. France (49.8 tons)
7. Spain (48.8 tons)
8. Belgium (28.8 tons)
9. Romania (19.6 tons)

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

In 2022, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -9.7% to 470 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 111%.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens declined remarkably to $454K in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 147%. As a result, the exports reached the peak of $541K, and then contracted markedly in the following year.

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

1. Cote d'Ivoire (305.4 tons)
2. Liberia (50.2 tons)
3. Germany (32.1 tons)
4. Georgia (30.7 tons)
5. Bulgaria (25.9 tons)
6. Hungary (12.5 tons)
7. Cyprus (10.1 tons)

Source: IndexBox Market Intelligence Platform