Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain (FOB) - 2023
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,862 per ton in October 2023, reducing by -9.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 47% m-o-m. As a result, the export price reached the peak level of $2,204 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($6,378 per ton), while the average price for exports to Denmark ($754 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 Hong Kong SAR (+9.1%), 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 Spain (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $4,909 per ton in September 2023, growing by 4.7% against the previous month. Over the period under review, import price indicated a noticeable increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for offal, edible; of bovine animals, (other than tongues and livers), frozens increased by +4.7% against August 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 56% against the previous month. As a result, import price reached the peak level of $5,162 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($8,494 per ton), while the price for Portugal ($1,397 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), 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 Spain
In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens exported from Spain shrank to 16K tons, with a decrease of -6.7% on 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of 17K tons, and then declined in the following year.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens declined to $29M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports reached the peak of $31M, and then shrank in the following year.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.5 | 1.4 | 3.7 | 5.5 | 30.1% |
| Japan | N/A | 0.3 | 2.1 | 3.2 | 226.6% |
| Portugal | 3.4 | 3.3 | 3.5 | 3.1 | -3.0% |
| France | 3.2 | 2.7 | 3.2 | 2.6 | -6.7% |
| Paraguay | N/A | N/A | 0.5 | 1.8 | 260.0% |
| Canada | N/A | 0.4 | 1.4 | 1.3 | 80.3% |
| Germany | 0.4 | 0.4 | 0.6 | 1.3 | 48.1% |
| Denmark | 0.6 | 0.9 | 1.5 | 1.2 | 26.0% |
| Cote d'Ivoire | 3.0 | 2.9 | 3.3 | 1.1 | -28.4% |
| Ghana | 1.0 | 1.3 | 1.6 | 1.0 | 0.0% |
| Italy | 0.3 | 0.5 | 0.8 | 0.9 | 44.2% |
| Philippines | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Belgium | N/A | N/A | N/A | 0.7 | 0% |
| Others | 9.6 | 8.1 | 8.3 | 4.8 | -20.6% |
| Total | 24.0 | 22.2 | 30.9 | 29.3 | 6.9% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Spain in 2022:
- Indonesia (2.7K tons)
- France (1.6K tons)
- Denmark (1.5K tons)
- Portugal (1.4K tons)
- Cote d'Ivoire (1.4K tons)
- Germany (0.9K tons)
- Italy (0.8K tons)
- Ghana (0.7K tons)
- Canada (0.7K tons)
- Belgium (0.7K tons)
- Philippines (0.5K tons)
- Japan (0.5K tons)
- Paraguay (0.3K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain
Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Spain stood at 3.8K tons in 2022, increasing by 6.4% compared with 2021 figures. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 +59.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $15M in 2022. Overall, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.0 | 2.4 | 4.2 | 4.3 | 12.7% |
| Germany | 3.2 | 1.7 | 2.7 | 2.9 | -3.2% |
| Poland | 1.4 | 1.1 | 1.5 | 1.7 | 6.7% |
| Italy | 1.5 | 1.1 | 0.9 | 1.0 | -12.6% |
| Portugal | 0.2 | 0.2 | 0.7 | 1.0 | 71.0% |
| Austria | 0.2 | 0.1 | 0.2 | 0.8 | 58.7% |
| Finland | 0.4 | 0.2 | 0.5 | 0.7 | 20.5% |
| Netherlands | 1.0 | 0.4 | 0.3 | 0.6 | -15.7% |
| Ireland | 0.9 | 0.7 | 0.5 | 0.5 | -17.8% |
| Lithuania | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| United Kingdom | 0.8 | 0.7 | 0.3 | 0.1 | -50.0% |
| Others | 0.5 | 0.3 | 0.2 | 0.7 | 11.9% |
| Total | 13.2 | 9.0 | 12.2 | 14.7 | 3.7% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Spain in 2022:
- France (1043.0 tons)
- Portugal (714.5 tons)
- Germany (639.7 tons)
- Poland (394.8 tons)
- Italy (295.6 tons)
- Austria (139.5 tons)
- Lithuania (116.0 tons)
- Finland (101.6 tons)
- Netherlands (100.7 tons)
- Ireland (81.1 tons)
- United Kingdom (9.1 tons)
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