Price for Offal, Edible; of Swine, Fresh or Chilled in the United States - 2023
Contents:
- Price for Offal, Edible; of Swine, Fresh or Chilled in the United States (FOB) - 2023
- Price for Offal, Edible; of Swine, Fresh or Chilled in the United States (CIF) - 2023
- Exports of Offal, Edible; of Swine, Fresh or Chilled in the United States
- Imports of Offal, Edible; of Swine, Fresh or Chilled in the United States
Price for Offal, Edible; of Swine, Fresh or Chilled in the United States (FOB) - 2023
In December 2023, the average export price for offal, edible; of swine, fresh or chilled amounted to $1,352 per ton, leveling off at the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 8.7% against the previous month. The export price peaked at $1,423 per ton in September 2023; afterwards, it flattened through to December 2023.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Mexico ($1,388 per ton), while the average price for exports to Canada amounted to $927 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.9%).
Price for Offal, Edible; of Swine, Fresh or Chilled in the United States (CIF) - 2023
The average import price for offal, edible; of swine, fresh or chilled stood at $1,191 per ton in December 2023, with an increase of 8.9% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in May 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $1,220 per ton in August 2023; afterwards, it flattened through to December 2023.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to +1.7% per month.
Exports of Offal, Edible; of Swine, Fresh or Chilled in the United States
In 2022, exports of offal, edible; of swine, fresh or chilled from the United States stood at 81K tons, surging by 14% on 2021. The total export volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 16%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of offal, edible; of swine, fresh or chilled skyrocketed to $100M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Offal, Edible; of Swine, Fresh or Chilled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 50.8 | 50.6 | 78.6 | 93.7 | 22.6% |
| Canada | 5.3 | 5.3 | 3.9 | 3.6 | -12.1% |
| Others | 2.2 | 3.1 | 3.0 | 2.9 | 9.6% |
| Total | 58.3 | 59.0 | 85.5 | 100 | 19.7% |
Top Export Markets for Offal, Edible; of Swine, Fresh or Chilled from the United States in 2022:
- Mexico (75.9K tons)
- Canada (4.4K tons)
Imports of Offal, Edible; of Swine, Fresh or Chilled in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of offal, edible; of swine, fresh or chilled, which increased by 16% to 17K tons in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 82%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of offal, edible; of swine, fresh or chilled expanded significantly to $17M in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 77%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Offal, Edible; of Swine, Fresh or Chilled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.3 | 9.2 | 15.3 | 16.0 | 44.5% |
| Others | N/A | 0.1 | 0.1 | 0.8 | 182.8% |
| Total | 5.3 | 9.4 | 15.4 | 16.7 | 46.6% |
Top Suppliers of Offal, Edible; of Swine, Fresh or Chilled to the United States in 2022:
- Canada (16.2K tons)
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