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

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Lithuania (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Lithuania (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Lithuania
4. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Lithuania

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

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $5,610 per ton in October 2023, rising by 9.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 110% against the previous month. Over the period under review, average import prices reached the maximum at $5,930 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Estonia ($6,065 per ton), while the price for Italy ($5,180 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Lithuania (FOB) - 2022

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $6,369 per ton in 2022, increasing by 75% against the previous year. In general, the export price saw a modest increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($10,427 per ton), while the average price for exports to Poland ($3,418 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 Latvia (+4.5%), while the prices for the other major destinations experienced a decline.

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

Imports of offal, edible; of bovine animals, tongues, frozens into Lithuania dropped to 457 tons in 2022, which is down by -13.9% against the previous year's figure. Over the period under review, imports recorded a deep contraction.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $2.2M in 2022. Overall, imports showed a noticeable curtailment.

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

1. Poland (163.0 tons)
2. Estonia (49.6 tons)
3. Belgium (41.9 tons)
4. Netherlands (37.4 tons)
5. Finland (32.4 tons)
6. Italy (25.8 tons)
7. Latvia (20.7 tons)
8. United Kingdom (19.5 tons)
9. Norway (19.5 tons)
10. Denmark (5.2 tons)
11. Germany (1.4 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of offal, edible; of bovine animals, tongues, frozens, when their volume increased by 14% to 130 tons. Over the period under review, exports, however, showed a dramatic contraction.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $825K in 2022. In general, exports, however, continue to indicate a abrupt decline.

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

1. Latvia (61.7 tons)
2. Japan (28.0 tons)
3. Denmark (13.7 tons)
4. Estonia (12.7 tons)
5. Poland (12.2 tons)

Source: IndexBox Market Intelligence Platform