Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Norway - 2024

Contents:

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

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

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $882 per ton in 2022, with a decrease of -14.4% against the previous year. Overall, the export price saw a sharp curtailment. The growth pace was the most rapid in 2018 an increase of 8%. Over the period under review, the average export prices reached the maximum at $11,880 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,182 per ton), while the average price for exports to Cote d'Ivoire ($312 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 Denmark (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $8,206 per ton, reducing by -25.9% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. The import price peaked at $20,618 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($28,180 per ton), while the price for Ireland ($7,121 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+32.3%), 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 Norway

In 2022, approx. 757 tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were exported from Norway; with an increase of 1.7% against the previous year. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.2% 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 +78.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $667K in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 31%.

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

1. Netherlands (504.0 tons)
2. Ghana (120.2 tons)
3. Liberia (45.1 tons)
4. Congo (26.9 tons)
5. Cote d'Ivoire (26.9 tons)
6. Hong Kong SAR (25.1 tons)

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

For the fourth year in a row, Norway recorded growth in supplies from abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens, which increased by 367% to 28 tons in 2022. Over the period under review, imports recorded a significant increase. 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 soared to $229K in 2022. Overall, imports continue to indicate significant growth. 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 Norway in 2022:

1. Ireland (23.9 tons)
2. Netherlands (1.6 tons)
3. Denmark (1.2 tons)
4. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform