Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany
4. Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany (FOB) - 2023

In September 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $6,483 per ton, approximately equating the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 13% m-o-m. As a result, the export price reached the peak level of $7,299 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($8,089 per ton), while the average price for exports to Bulgaria ($4,767 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $5,309 per ton, rising by 18% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 20% against the previous year. The import price peaked at $5,725 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6,707 per ton), while the price for Sweden ($3,317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany

In 2022, the amount of offal, edible; of bovine animals, tongues, frozens exported from Germany shrank significantly to 360 tons, dropping by -25.3% compared with the previous year. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports reached the peak of 482 tons, and then fell sharply in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $2.3M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Germany in 2022:

1. France (101.2 tons)
2. Philippines (99.1 tons)
3. Canada (56.4 tons)
4. Sweden (25.4 tons)
5. Switzerland (20.3 tons)
6. Greece (17.5 tons)
7. Austria (8.8 tons)
8. Turkey (3.0 tons)
9. Netherlands (2.9 tons)

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Germany

In 2022, the amount of offal, edible; of bovine animals, tongues, frozens imported into Germany rose to 372 tons, picking up by 1.7% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 5.1%.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens soared to $2M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Germany in 2022:

1. Switzerland (93.6 tons)
2. Spain (76.6 tons)
3. Poland (62.1 tons)
4. Netherlands (48.5 tons)
5. France (24.3 tons)
6. Brazil (21.7 tons)
7. Austria (15.7 tons)
8. Luxembourg (4.5 tons)

Source: IndexBox Market Intelligence Platform