Price for Offal, Edible; of Swine, Fresh or Chilled in Canada - 2023

Price for Offal, Edible; of Swine, Fresh or Chilled in Canada (FOB) - 2022

The average export price for offal, edible; of swine, fresh or chilled stood at $1,212 per ton in 2022, shrinking by -15.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41%. As a result, the export price attained the peak level of $1,440 per ton, and then dropped rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($1,396 per ton), while the average price for exports to the United States stood at $997 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.5%).

Price for Offal, Edible; of Swine, Fresh or Chilled in Canada (CIF) - 2023

The average import price for offal, edible; of swine, fresh or chilled stood at $855 per ton in December 2023, waning by -3.9% against the previous month. In general, import price indicated a resilient expansion from December 2022 to December 2023: its price increased at an average monthly rate of +5.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for offal, edible; of swine, fresh or chilled increased by +12.3% against August 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 22% m-o-m. The import price peaked at $889 per ton in November 2023, and then dropped modestly in the following month.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +5.0% per month.

Exports of Offal, Edible; of Swine, Fresh or Chilled in Canada

After three years of growth, overseas shipments of offal, edible; of swine, fresh or chilled decreased by -6.4% to 33K tons in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of 35K tons, and then dropped in the following year.

In value terms, exports of offal, edible; of swine, fresh or chilled fell markedly to $40M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 105%. As a result, the exports reached the peak of $51M, and then reduced notably in the following year.

Export of Offal, Edible; of Swine, Fresh or Chilled in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	16.2	14.5	35.0	23.2	12.7%
United States	5.2	9.4	15.4	16.1	45.7%
Others	0.8	1.0	0.8	0.9	4.0%
Total	22.3	24.9	51.1	40.3	21.8%

Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from Canada in 2022:

Mexico (16.6K tons)
United States (16.2K tons)

Imports of Offal, Edible; of Swine, Fresh or Chilled in Canada

In 2022, overseas purchases of offal, edible; of swine, fresh or chilled increased by 5.4% to 7.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt contraction.

In value terms, imports of offal, edible; of swine, fresh or chilled dropped to $3.6M in 2022. In general, imports, however, showed a abrupt contraction. The smallest decline of -0.5% was in 2020.