Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam (CIF) - 2022
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $4,969 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2019 an increase of 76%. Over the period under review, average import prices attained the maximum at $6,651 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($4,969 per ton) and the United States ($4,969 per ton), while the price for Germany ($4,969 per ton) and Denmark ($4,969 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam
In 2022, approx. 576 tons of offal, edible; of bovine animals, tongues, frozens were imported into Vietnam; rising by 42% on 2021 figures. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 256%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens surged to $2.9M in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 118%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 695 | 476 | 1,252 | 2,308 | 49.2% |
| United States | 126 | 191 | 62.0 | 376 | 44.0% |
| Denmark | N/A | N/A | 193 | 106 | -45.1% |
| Germany | N/A | N/A | 133 | 29.9 | -77.5% |
| Others | N/A | 95.3 | 17.7 | 44.4 | -31.7% |
| Total | 821 | 761 | 1,657 | 2,864 | 51.7% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Vietnam in 2022:
- India (464.6 tons)
- United States (75.7 tons)
- Denmark (21.3 tons)
- Germany (6.0 tons)
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