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

Contents:

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

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

In October 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $8,508 per ton, with an increase of 19% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 32% month-to-month. The export price peaked at $9,363 per ton in June 2023; however, from July 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($11,067 per ton), while the average price for exports to Turkey ($5,824 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 Israel (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,815 per ton in 2022, dropping by -6.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $5,632 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($5,796 per ton), while the price for Italy ($3,457 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the Netherlands

In 2022, after three years of growth, there was decline in shipments abroad of offal, edible; of bovine animals, tongues, frozens, when their volume decreased by -1.6% to 904 tons. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, 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 18%. As a result, the exports attained the peak of 919 tons, and then contracted modestly in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens rose sharply to $7M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% 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 the near future.

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

1. Japan (313.7 tons)
2. France (92.3 tons)
3. Philippines (76.6 tons)
4. Belgium (69.7 tons)
5. Ireland (51.5 tons)
6. Germany (36.9 tons)
7. United States (34.9 tons)
8. Denmark (33.6 tons)
9. Italy (31.2 tons)
10. China (27.5 tons)
11. Israel (23.5 tons)
12. Bulgaria (22.9 tons)
13. Canada (20.9 tons)

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the Netherlands

For the third year in a row, the Netherlands recorded decline in purchases abroad of offal, edible; of bovine animals, tongues, frozens, which decreased by -23.2% to 131 tons in 2022. In general, imports showed a abrupt slump. The smallest decline of -5.9% was in 2021.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank rapidly to $632K in 2022. Overall, imports faced a deep contraction. The growth pace was the most rapid in 2021 with an increase of 2.5% against the previous year.

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

1. Belgium (66.4 tons)
2. Poland (20.0 tons)
3. Ireland (20.0 tons)
4. Italy (6.9 tons)
5. Austria (5.3 tons)
6. Bulgaria (3.9 tons)
7. Germany (3.1 tons)

Source: IndexBox Market Intelligence Platform