Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (CIF) - 2022
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $3,364 per ton in March 2022, increasing by 2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in October 2021 when the average import price increased by 5.2% m-o-m. The import price peaked in March 2022.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($3,687 per ton), while the price for Spain ($2,091 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (FOB) - 2022
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $3,495 per ton in 2022, which is down by -21.9% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 186%. The export price peaked at $4,474 per ton in 2021, and then shrank rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,768 per ton), while the average price for exports to Timor-Leste totaled $184 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+52.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia
In 2022, approx. 25K tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were imported into Indonesia; which is down by -32% against the previous year. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 11%.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens declined to $89M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $102M, and then reduced in the following year.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 42.9 | 40.8 | 53.6 | 58.0 | 10.6% |
| United States | 27.2 | 18.6 | 29.5 | 13.1 | -21.6% |
| New Zealand | 10.4 | 7.9 | 10.3 | 8.3 | -7.2% |
| Spain | 3.0 | 1.8 | 3.6 | 3.7 | 7.2% |
| Singapore | 1.0 | 1.1 | 1.1 | 1.5 | 14.5% |
| Others | 2.6 | 1.5 | 3.9 | 4.2 | 17.3% |
| Total | 87.1 | 71.8 | 102 | 88.8 | 0.6% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Indonesia in 2022:
- Australia (15.9K tons)
- United States (3.6K tons)
- New Zealand (1.9K tons)
- Spain (1.5K tons)
- Singapore (0.5K tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia
In 2022, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens were finally on the rise to reach 9.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp decrease.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens soared to $33K in 2022. Over the period under review, exports, however, showed a sharp decrease.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 113 | 30.3 | 9.7 | 32.7 | -33.9% |
| Timor-Leste | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Singapore | 67.4 | 21.7 | N/A | N/A | -67.8% |
| Others | N/A | N/A | 3.9 | N/A | 0% |
| Total | 181 | 52.0 | 13.6 | 32.8 | -43.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Indonesia in 2022:
- Hong Kong SAR (8.7 tons)
- Timor-Leste (0.7 tons)
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