Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (FOB) - 2023
In December 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $7,452 per ton, growing by 65% against the previous month. In general, export price indicated a mild increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for offal, edible; of bovine animals, tongues, frozens increased by +69.9% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Taiwan (Chinese) ($9,222 per ton), while the average price for exports to South Africa ($924 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 (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $4,077 per ton, increasing by 8.2% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of 23%. The import price peaked at $5,413 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From 2014 to 2022, the rate of growth in terms of prices for Australia amounted to +27.1% per year.
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand
For the fourth consecutive year, New Zealand recorded growth in shipments abroad of offal, edible; of bovine animals, tongues, frozens, which increased by 42% to 9.7K tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $67M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.5 | 17.4 | 37.6 | 41.0 | 32.8% |
| Taiwan (Chinese) | 1.7 | 3.1 | 5.4 | 12.8 | 96.0% |
| Indonesia | 4.8 | 4.3 | 6.3 | 9.5 | 25.6% |
| United States | 2.0 | 2.2 | 1.8 | 1.2 | -15.7% |
| Singapore | 0.1 | 0.1 | 0.3 | 0.8 | 100.0% |
| Papua New Guinea | N/A | 0.2 | 0.3 | 0.5 | 58.1% |
| South Africa | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Thailand | 0.3 | N/A | 0.1 | 0.2 | -12.6% |
| Others | 0.2 | 0.2 | 0.5 | 0.7 | 51.8% |
| Total | 26.6 | 27.6 | 52.5 | 66.9 | 36.0% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from New Zealand in 2022:
- Indonesia (3.8K tons)
- Japan (3.5K tons)
- Taiwan (Chinese) (1.1K tons)
- Papua New Guinea (0.4K tons)
- Singapore (0.2K tons)
- South Africa (0.2K tons)
- United States (0.1K tons)
- Thailand (0.1K tons)
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand
In 2022, supplies from abroad of offal, edible; of bovine animals, tongues, frozens decreased by -34.9% to 43 tons, falling for the second consecutive year after two years of growth. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of 66 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank remarkably to $176K in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 113 | 244 | 249 | 176 | 15.9% |
| Finland | 31.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.6 | N/A | N/A | 0% |
| Total | 145 | 245 | 249 | 176 | 6.7% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to New Zealand in 2022:
- Sweden (43.1 tons)
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