Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay - 2024

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay (FOB) - 2024
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay
4. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Paraguay (FOB) - 2024

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $3,591 per ton in January 2024, approximately equating the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2023 when the average export price increased by 32% against the previous month. Over the period under review, the average export prices reached the maximum at $4,226 per ton in February 2023; however, from March 2023 to January 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Russia ($3,984 per ton), while the average price for exports to Barbados ($2,640 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $2,950 per ton, picking up by 8.7% against the previous year. Overall, the import price saw a perceptible expansion. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($3,883 per ton), while the price for Brazil amounted to $2,858 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.4%).

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

For the fourth year in a row, Paraguay recorded growth in overseas shipments of offal, edible; of bovine animals, tongues, frozens, which increased by 6.6% to 2.6K tons in 2022. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $10M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Russia (1884.9 tons)
2. Israel (203.6 tons)
3. Colombia (158.4 tons)
4. Georgia (124.0 tons)
5. Uruguay (116.0 tons)
6. Hong Kong SAR (112.0 tons)

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

For the third year in a row, Paraguay recorded growth in overseas purchases of offal, edible; of bovine animals, tongues, frozens, which increased by 538% to 277 tons in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens skyrocketed to $818K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Brazil (252.3 tons)
2. Russia (25.0 tons)

Source: IndexBox Market Intelligence Platform