Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $1,725 per ton, picking up by 56% against the previous month. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 181% month-to-month. As a result, the export price reached the peak level of $7,423 per ton. From August 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($8,342 per ton), while the average price for exports to Cote d'Ivoire ($874 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,193 per ton in 2022, jumping by 43% against the previous year. In general, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 96% against the previous year. The import price peaked at $5,045 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($13,494 per ton), while the price for Ireland ($2,770 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK
In 2022, approx. 1.8K tons of offal, edible; of bovine animals, tongues, frozens were exported from the UK; increasing by 96% compared with 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 189%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens skyrocketed to $4.5M in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 129%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 166 | 773 | 603 | 90.6% |
| Ireland | N/A | 568 | 1,127 | 502 | -6.0% |
| Ghana | N/A | N/A | 171 | 483 | 182.5% |
| France | 227 | 331 | 538 | 374 | 18.1% |
| Cote d'Ivoire | N/A | N/A | 20.7 | 371 | 1692.3% |
| Philippines | N/A | 43.0 | N/A | 125 | 70.5% |
| Senegal | N/A | N/A | 111 | 87.7 | -21.0% |
| Guinea | N/A | N/A | 24.7 | 85.9 | 247.8% |
| Belgium | 313 | 39.1 | 20.5 | 36.6 | -51.1% |
| Bahamas | 272 | 88.8 | N/A | N/A | -67.4% |
| Others | 120 | 56.8 | 176 | 1,828 | 147.9% |
| Total | 931 | 1,293 | 2,964 | 4,496 | 69.0% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from the UK in 2022:
- Ghana (394.8 tons)
- Cote d'Ivoire (378.6 tons)
- Ireland (156.7 tons)
- Japan (86.0 tons)
- Senegal (75.5 tons)
- Guinea (73.8 tons)
- Philippines (72.5 tons)
- France (67.1 tons)
- Belgium (6.9 tons)
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK
Imports of offal, edible; of bovine animals, tongues, frozens into the UK fell to 23 tons in 2022, waning by -11% on the previous year. Over the period under review, imports faced a significant contraction.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens soared to $97K in 2022. Overall, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. As a result, imports reached the peak of $219K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 91.5 | 144 | 1.4 | 53.7 | -16.3% |
| Poland | N/A | N/A | N/A | 37.4 | 0% |
| Italy | 30.9 | 75.3 | N/A | 5.5 | -43.7% |
| Belgium | 20.6 | N/A | N/A | N/A | 0% |
| Germany | 14.2 | N/A | N/A | N/A | 0% |
| Denmark | N/A | N/A | 74.7 | N/A | 0% |
| Others | 2.9 | N/A | N/A | N/A | 0% |
| Total | 160 | 219 | 76.1 | 96.7 | -15.5% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to the UK in 2022:
- Ireland (19.4 tons)
- Poland (2.8 tons)
- Italy (0.9 tons)
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