Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Canada - 2024
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (FOB) - 2024
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (CIF) - 2024
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (FOB) - 2024
In January 2024, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $1,926 per ton, increasing by 5.7% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 6.9% m-o-m. As a result, the export price reached the peak level of $2,188 per ton. From May 2023 to January 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Japan ($2,697 per ton), while the average price for exports to South Korea ($1,709 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (CIF) - 2024
The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,402 per ton in January 2024, leveling off at the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 9.9% m-o-m. Over the period under review, average import prices attained the maximum at $1,534 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the countries with the highest prices were Belgium ($1,426 per ton) and the United States ($1,406 per ton), while the price for Spain ($1,335 per ton) and Germany ($1,341 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada
In 2022, approx. 86K tons of offal, edible; of swine, (other than livers), frozen were exported from Canada; picking up by 5.4% on 2021 figures. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 119K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of offal, edible; of swine, (other than livers), frozen stood at $165M in 2022. In general, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, the exports reached the peak of $204M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 75.9 | 128 | 31.5 | 51.1 | -12.4% |
| Philippines | 9.8 | 8.9 | 28.7 | 27.7 | 41.4% |
| United States | 25.8 | 15.4 | 23.1 | 25.6 | -0.3% |
| Japan | 9.6 | 10.3 | 12.0 | 14.8 | 15.5% |
| Mexico | 11.2 | 11.3 | 16.0 | 13.5 | 6.4% |
| South Korea | 10.5 | 8.8 | 16.6 | 11.1 | 1.9% |
| Taiwan (Chinese) | 7.4 | 5.0 | 7.1 | 4.9 | -12.8% |
| Panama | 0.9 | 2.4 | 2.0 | 2.7 | 44.2% |
| Others | 20.1 | 13.6 | 17.1 | 13.2 | -13.1% |
| Total | 171 | 204 | 154 | 165 | -1.2% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Canada in 2022:
- China (24.9K tons)
- Philippines (15.5K tons)
- United States (12.4K tons)
- Mexico (9.0K tons)
- South Korea (6.8K tons)
- Japan (5.7K tons)
- Panama (2.2K tons)
- Taiwan (Chinese) (2.0K tons)
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada
Imports of offal, edible; of swine, (other than livers), frozen into Canada reached 12K tons in 2022, surging by 1.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7%. 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, (other than livers), frozen reduced to $21M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $22M, and then fell slightly in the following year.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.5 | 13.8 | 18.0 | 15.8 | 8.1% |
| Germany | N/A | 0.3 | 2.8 | 3.4 | 236.7% |
| Spain | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Others | 0.4 | 0.5 | 0.8 | 1.2 | 44.2% |
| Total | 13.4 | 15.2 | 22.1 | 21.0 | 16.2% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Canada in 2022:
- United States (8.9K tons)
- Germany (2.0K tons)
- Spain (0.3K tons)
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