Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam (CIF) - 2022
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,713 per ton in 2022, remaining relatively unchanged against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. 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 decreased by -2.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. The import price peaked at $2,785 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($2,713 per ton) and Russia ($2,713 per ton), while the price for France ($2,713 per ton) and India ($2,713 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam (FOB) - 2022
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,104 per ton in 2022, falling by -9.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $2,317 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.9% per year.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam
In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Vietnam soared to 20K tons, picking up by 46% compared with the previous year. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $53M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 57%. 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.0 | 10.5 | 12.5 | 28.7 | 68.5% |
| Australia | 8.0 | 11.7 | 17.9 | 17.1 | 28.8% |
| Argentina | N/A | 0.4 | 1.8 | 3.2 | 182.8% |
| France | 1.6 | 1.6 | 1.6 | 2.1 | 9.5% |
| Spain | N/A | 1.0 | 1.5 | 1.3 | 14.0% |
| Russia | 0.9 | 0.7 | 1.1 | 0.5 | -17.8% |
| Others | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Total | 16.5 | 26.0 | 36.8 | 53.4 | 47.9% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Vietnam in 2022:
- India (10.6K tons)
- Australia (6.3K tons)
- Argentina (1.2K tons)
- France (0.8K tons)
- Spain (0.5K tons)
- Russia (0.2K tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam
In 2022, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens were finally on the rise to reach 31 tons after two years of decline. In general, exports, however, saw a sharp setback.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $66K in 2022. Over the period under review, exports, however, saw a dramatic decline.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 43.7 | 27.8 | 12.4 | 66.1 | 14.8% |
| India | 99.2 | N/A | N/A | N/A | 0% |
| China | 340 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 482 | 27.8 | 12.4 | 66.1 | -48.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Vietnam in 2022:
- Malaysia (31.4 tons)
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