Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China - 2023

Contents:

1. Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China (CIF) - 2023
2. Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China (FOB) - 2023
3. Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China
4. Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China

Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China (CIF) - 2023

The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $3,163 per ton in December 2023, increasing by 12% against the previous month. Overall, the import price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in March 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs at $5,033 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($3,379 per ton), while the price for Uruguay ($1,540 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-3.3%), while the prices for the other major suppliers experienced a decline.

Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China (FOB) - 2023

The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $3,029 per ton in December 2023, rising by 6.1% against the previous month. Over the period under review, the export price posted a mild increase. The pace of growth was the most pronounced in February 2023 when the average export price increased by 355% m-o-m. As a result, the export price reached the peak level of $13,845 per ton. From March 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($12,288 per ton), while the average price for exports to the United Arab Emirates ($2,163 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China

In 2022, purchases abroad of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen was finally on the rise to reach 4.9K tons after two years of decline. Over the period under review, imports, however, saw a perceptible contraction.

In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen skyrocketed to $29M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen to China in 2022:

1. New Zealand (3.0K tons)
2. Australia (1.8K tons)
3. Uruguay (0.2K tons)

Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in China

In 2022, the amount of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen exported from China soared to 206 tons, rising by 218% against 2021. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen soared to $843K in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen from China in 2022:

1. Kuwait (52.0 tons)
2. Kyrgyzstan (50.0 tons)
3. United Arab Emirates (43.0 tons)
4. Japan (29.7 tons)
5. Jordan (26.0 tons)
6. Macao SAR (4.0 tons)

Source: IndexBox Market Intelligence Platform