Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Philippines - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Philippines (CIF) - 2023
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Philippines
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Philippines (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,654 per ton in November 2023, falling by -3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 17% month-to-month. Over the period under review, average import prices reached the maximum at $2,880 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,274 per ton), while the price for Belgium ($1,242 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Australia (+2.9%), 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 the Philippines
In 2022, approx. 10K tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were imported into the Philippines; shrinking by -15.5% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of 12K tons, and then fell significantly in the following year.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $26M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $29M, and then shrank in the following year.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 5.8 | 6.2 | 6.5 | 8.8 | 14.9% |
| United States | 6.1 | 0.9 | 0.8 | 6.4 | 1.6% |
| Netherlands | 5.9 | 7.2 | 9.2 | 5.2 | -4.1% |
| France | 0.7 | 0.7 | 0.9 | 1.5 | 28.9% |
| Australia | 0.5 | 1.6 | 0.4 | 1.0 | 26.0% |
| Belgium | 0.3 | 1.9 | 3.6 | 1.0 | 49.4% |
| Canada | 4.1 | 0.8 | 7.2 | 0.8 | -42.0% |
| Spain | N/A | N/A | 0.2 | 0.8 | 300.0% |
| Others | 0.5 | 0.8 | 0.5 | 0.9 | 21.6% |
| Total | 23.9 | 20.1 | 29.3 | 26.3 | 3.2% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to the Philippines in 2022:
- Ireland (3.6K tons)
- United States (2.3K tons)
- Netherlands (1.8K tons)
- France (0.9K tons)
- Australia (0.4K tons)
- Belgium (0.4K tons)
- Spain (0.4K tons)
- Canada (0.3K tons)
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