Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in France - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in France (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in France (CIF) - 2023
3. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in France
4. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in France

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in France (FOB) - 2023

In September 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $7,544 per ton, with a decrease of -5.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 218% month-to-month. Over the period under review, the average export prices attained the maximum at $10,505 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Japan ($9,423 per ton), while the average price for exports to Belgium ($4,584 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in France (CIF) - 2023

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,966 per ton in October 2023, which is down by -16.1% against the previous month. Overall, the import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in November 2022 when the average import price increased by 169% month-to-month. The import price peaked at $11,380 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From October 2022 to October 2023, the rate of growth in terms of prices for Belgium amounted to +22.2% per month.

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in France

Exports of offal, edible; of bovine animals, tongues, frozens from France rose significantly to 494 tons in 2022, picking up by 9.7% compared with 2021 figures. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens soared to $5M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 202% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from France in 2022:

1. Japan (288.7 tons)
2. Belgium (48.9 tons)
3. Netherlands (42.4 tons)
4. Ireland (33.6 tons)
5. Cote d'Ivoire (28.0 tons)
6. Bulgaria (19.3 tons)
7. Greece (9.4 tons)
8. Germany (3.4 tons)

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in France

For the fourth year in a row, France recorded growth in purchases abroad of offal, edible; of bovine animals, tongues, frozens, which increased by 1.6% to 710 tons in 2022. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 9.5%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens expanded sharply to $3.4M in 2022. The total import value increased at an average annual rate of +10.9% over the period 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 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to France in 2022:

1. Belgium (202.7 tons)
2. Italy (114.4 tons)
3. Germany (110.1 tons)
4. Spain (76.3 tons)
5. United Kingdom (75.0 tons)
6. Netherlands (54.8 tons)
7. Austria (38.9 tons)
8. Ireland (2.5 tons)

Source: IndexBox Market Intelligence Platform