Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait (CIF) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,713 per ton, growing by 19% against the previous year. Overall, import price indicated tangible growth from 2013 to 2022: its price increased at an average annual rate of +3.8% over the last nine 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, (other than tongues and livers), frozens increased by +65.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,713 per ton) and South Africa ($2,713 per ton), while the price for Australia ($2,713 per ton) and Paraguay ($2,713 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait
In 2022, approx. 673 tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were imported into Kuwait; declining by -12.7% on the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, imports attained the peak of 771 tons, and then contracted in the following year.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens rose slightly to $1.8M in 2022. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 297 | 204 | 438 | 695 | 32.8% |
| United States | 55.5 | 91.4 | 5.3 | 291 | 73.7% |
| Brazil | 49.4 | 63.1 | 158 | 238 | 68.9% |
| India | 89.5 | 99.7 | 239 | 223 | 35.6% |
| Australia | 445 | 161 | 449 | 181 | -25.9% |
| Spain | N/A | N/A | 129 | 67.1 | -48.0% |
| South Africa | 22.4 | 122 | 35.3 | 53.5 | 33.7% |
| Others | 145 | 167 | 302 | 77.3 | -18.9% |
| Total | 1,104 | 908 | 1,754 | 1,826 | 18.3% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Kuwait in 2022:
- Paraguay (256.3 tons)
- United States (107.3 tons)
- Brazil (87.6 tons)
- India (82.3 tons)
- Australia (66.7 tons)
- Spain (24.7 tons)
- South Africa (19.7 tons)
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