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

Contents:

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

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

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $894 per ton, reducing by -11.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $2,095 per ton in 2014; however, from 2015 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 Thailand ($4,365 per ton), while the average price for exports to Gabon ($595 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 Poland (+81.3%), 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 Serbia (CIF) - 2022

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $291 per ton in 2022, falling by -46.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 52%. Over the period under review, average import prices reached the peak figure at $638 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Russia ($1,993 per ton), while the price for Bosnia and Herzegovina ($119 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+238.4%), 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 Serbia

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens exported from Serbia reduced sharply to 708 tons, with a decrease of -29.2% against the previous year's figure. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year. As a result, the exports reached the peak of 1K tons, and then fell significantly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell rapidly to $633K in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year.

Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Cote d'Ivoire56.319325227770.1%
ThailandN/AN/AN/A1050%
Gabon41.913.266.361.813.8%
Liberia18.4N/A55.236.425.5%
RussiaN/A25.429.233.715.2%
PolandN/A9.0N/A32.389.4%
LebanonN/A24930830.2-65.2%
GermanyN/AN/A53.925.6-52.5%
Hong Kong SAR487N/AN/AN/A0%
Sierra Leone95.015372.6N/A-12.6%
Angola46.3N/AN/AN/A0%
Afghanistan94.2N/AN/AN/A0%
Others22014617531.1-47.9%
Total1,0587891,012633-15.7%

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

  1. Cote d'Ivoire (398.5 tons)
  2. Gabon (104.0 tons)
  3. Liberia (49.0 tons)
  4. Russia (42.9 tons)
  5. Thailand (24.1 tons)
  6. Germany (24.0 tons)
  7. Poland (20.7 tons)
  8. Lebanon (10.3 tons)

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

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Serbia skyrocketed to 1.3K tons, picking up by 455% against the previous year's figure. Over the period under review, imports recorded a significant expansion. 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 $374K in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/A6.01312083.3%
RussiaN/AN/A0.276.538150.0%
Bosnia and Herzegovina1.75.24.273.5251.0%
Austria5.011.815.555.9123.6%
Romania0.61.21.037.4296.5%
Paraguay25.162.010.8N/A-34.4%
Others36.363.589.3N/A56.8%
Total68.714412737475.9%

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

  1. Bosnia and Herzegovina (620.2 tons)
  2. Romania (304.6 tons)
  3. Italy (240.0 tons)
  4. Austria (82.0 tons)
  5. Russia (38.4 tons)

Source: IndexBox Market Intelligence Platform

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