Price for Offal, Edible; of Swine, Fresh or Chilled in Singapore - 2022

Contents:

1. Price for Offal, Edible; of Swine, Fresh or Chilled in Singapore (CIF) - 2022
2. Price for Offal, Edible; of Swine, Fresh or Chilled in Singapore (FOB) - 2022
3. Imports of Offal, Edible; of Swine, Fresh or Chilled in Singapore
4. Exports of Offal, Edible; of Swine, Fresh or Chilled in Singapore

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

The average import price for offal, edible; of swine, fresh or chilled stood at $3,654 per ton in 2022, falling by -6.8% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of swine, fresh or chilled increased by +71.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52%. The import price peaked at $3,921 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($12,542 per ton), while the price for Australia stood at $3,274 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.6%).

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

The average export price for offal, edible; of swine, fresh or chilled stood at $2,646 per ton in 2022, picking up by 22% against the previous year. In general, the export price, however, recorded a pronounced decrease. The export price peaked at $5,036 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.

From 2013 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +92.8% per year.

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

In 2022, purchases abroad of offal, edible; of swine, fresh or chilled was finally on the rise to reach 156 tons after two years of decline. In general, imports, however, faced a precipitous contraction.

In value terms, imports of offal, edible; of swine, fresh or chilled reached $571K in 2022. Over the period under review, imports, however, faced a dramatic decrease.

Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to Singapore in 2022:

1. Australia (150.0 tons)
2. Canada (6.4 tons)

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

In 2022, exports of offal, edible; of swine, fresh or chilled from Singapore soared to 3.5 tons, rising by 592% compared with the year before. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 4,110%. As a result, the exports reached the peak of 25 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of offal, edible; of swine, fresh or chilled surged to $9.3K in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 4,949% against the previous year. As a result, the exports attained the peak of $125K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Brunei Darussalam (3.5 tons)
2. Indonesia (0.1 tons)

Source: IndexBox Market Intelligence Platform