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

Contents:

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

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

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $6,842 per ton in October 2023, waning by -28.1% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average export price increased by 70% m-o-m. As a result, the export price reached the peak level of $9,514 per ton, and then dropped notably in the following month.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Japan ($10,617 per ton), while the average price for exports to France ($4,128 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $7,950 per ton in 2022, jumping by 197% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($13,163 per ton), while the price for Poland ($2,181 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of offal, edible; of bovine animals, tongues, frozens from Spain dropped modestly to 1.2K tons in 2022, almost unchanged from the previous year. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +58.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 60% against the previous year. As a result, the exports reached the peak of 1.2K tons, leveling off in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens soared to $8.2M in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118%. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Indonesia (427.4 tons)
2. Japan (368.4 tons)
3. Germany (128.2 tons)
4. Italy (61.5 tons)
5. Portugal (58.9 tons)
6. Netherlands (41.3 tons)
7. France (32.9 tons)
8. Hong Kong SAR (0.1 tons)

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

In 2022, after three years of growth, there was significant decline in overseas purchases of offal, edible; of bovine animals, tongues, frozens, when their volume decreased by -71.4% to 18 tons. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 247% against the previous year. As a result, imports attained the peak of 64 tons, and then contracted remarkably in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens dropped sharply to $145K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 167%. As a result, imports reached the peak of $171K, and then contracted markedly in the following year.

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

1. Japan (8.0 tons)
2. Portugal (7.7 tons)
3. France (1.4 tons)
4. Netherlands (1.0 tons)
5. Poland (0.1 tons)

Source: IndexBox Market Intelligence Platform