Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico - 2023
Contents:
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (CIF) - 2023
- Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (FOB) - 2023
- Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico
- Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (CIF) - 2023
The average import price for offal, edible; of swine, (other than livers), frozen stood at $1,797 per ton in December 2023, dropping by -6.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 5.6% against the previous month. Over the period under review, average import prices reached the maximum at $1,987 per ton in July 2023; however, from August 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($1,806 per ton), while the price for Canada amounted to $1,768 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (FOB) - 2023
In December 2023, the average export price for offal, edible; of swine, (other than livers), frozen amounted to $2,994 per ton, falling by -3.4% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in October 2023 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs at $3,099 per ton in November 2023, and then reduced modestly in the following month.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Japan ($3,565 per ton), while the average price for exports to South Korea ($2,311 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 the United States (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico
In 2022, after two years of decline, there was growth in purchases abroad of offal, edible; of swine, (other than livers), frozen, when their volume increased by 0.2% to 47K tons. In general, imports, however, recorded a abrupt decline.
In value terms, imports of offal, edible; of swine, (other than livers), frozen shrank slightly to $84M in 2022. Over the period under review, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
| Import of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.5 | 50.8 | 58.8 | 51.6 | -7.6% |
| Canada | 20.9 | 20.0 | 26.5 | 27.6 | 9.7% |
| Spain | 1.1 | 1.1 | 1.3 | 4.7 | 62.3% |
| Others | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Total | 87.5 | 71.9 | 86.8 | 84.2 | -1.3% |
Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to Mexico in 2022:
- United States (26.1K tons)
- Canada (18.8K tons)
- Spain (2.3K tons)
Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico
In 2022, overseas shipments of offal, edible; of swine, (other than livers), frozen decreased by -39.5% to 7.1K tons, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of offal, edible; of swine, (other than livers), frozen declined significantly to $18M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 52%.
| Export of Offal, Edible; of Swine, (Other than Livers), Frozen in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 5.6 | 9.0 | 12.3 | 32.4% |
| China | N/A | 5.4 | 7.8 | 2.4 | -33.3% |
| Japan | 2.2 | 1.5 | 1.0 | 2.1 | -1.5% |
| South Korea | 1.3 | 1.4 | 3.1 | 1.1 | -5.4% |
| Hong Kong SAR | 0.7 | 0.6 | 0.2 | N/A | -46.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.6 | 14.6 | 21.2 | 17.9 | 23.1% |
Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from Mexico in 2022:
- United States (4.9K tons)
- China (1.1K tons)
- Japan (0.7K tons)
- South Korea (0.4K tons)
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