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

Contents:

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

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

The average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $2,527 per ton in December 2023, growing by 2.6% against the previous month. Overall, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in April 2023 an increase of 20% against the previous month. The import price peaked at $3,729 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Australia ($2,779 per ton), while the price for New Zealand totaled $2,302 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (0.0%), 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 the United States (FOB) - 2023

In December 2023, the average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen amounted to $4,252 per ton, waning by -17.2% against the previous month. Overall, the export price, however, saw a noticeable increase. The pace of growth appeared the most rapid in April 2023 an increase of 189% month-to-month. The export price peaked at $7,584 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was British Virgin Islands ($7,475 per ton), while the average price for exports to Mexico ($2,776 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 Mexico (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the United States

In 2022, the amount of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen imported into the United States surged to 8.6K tons, growing by 41% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen skyrocketed to $26M in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 69%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Australia (4.9K tons)
2. New Zealand (3.7K tons)

Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in the United States

In 2022, overseas shipments of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen were finally on the rise to reach 790 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. 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 $2.6M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +79.5% against 2020 indices. 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 the United States in 2022:

1. Mexico (441.2 tons)
2. British Virgin Islands (69.8 tons)
3. Canada (68.8 tons)
4. United Arab Emirates (59.2 tons)
5. Central African Republic (26.2 tons)
6. South Korea (22.9 tons)
7. Bermuda (20.9 tons)
8. Nicaragua (18.4 tons)

Source: IndexBox Market Intelligence Platform