Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in China - 2023
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (CIF) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (FOB) - 2023
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (CIF) - 2022
The average import price for edible products of animal origin; not elsewhere specified or includeds stood at $309,229 per ton in 2022, dropping by -32.9% against the previous year. In general, the import price, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 an increase of 142% against the previous year. Over the period under review, average import prices reached the peak figure at $514,190 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($519,677 per ton), while the price for Taiwan (Chinese) ($4,026 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+41.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (FOB) - 2023
In December 2023, the average export price for edible products of animal origin; not elsewhere specified or includeds amounted to $9,086 per ton, growing by 2.8% against the previous month. Overall, the export price, however, showed a mild descent. The pace of growth was the most pronounced in February 2023 when the average export price increased by 89% month-to-month. As a result, the export price reached the peak level of $23,096 per ton. From March 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Spain ($21,639 per ton), while the average price for exports to South Korea ($4,012 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 (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China
In 2022, imports of edible products of animal origin; not elsewhere specified or includeds into China skyrocketed to 2.1K tons, rising by 78% on the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds soared to $661M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 220 | 413 | 350 | 400 | 22.1% |
| Malaysia | 98.4 | 127 | 195 | 254 | 37.2% |
| Taiwan (Chinese) | 2.2 | 2.5 | 3.1 | 3.3 | 14.5% |
| Others | 9.9 | 4.9 | 4.9 | 3.5 | -29.3% |
| Total | 330 | 548 | 553 | 661 | 26.1% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to China in 2022:
- Indonesia (813.5 tons)
- Taiwan (Chinese) (813.0 tons)
- Malaysia (488.8 tons)
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China
In 2022, overseas shipments of edible products of animal origin; not elsewhere specified or includeds decreased by -56.8% to 6.5K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 2% against the previous year. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds declined remarkably to $62M in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $91M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.9 | 16.4 | 16.4 | 15.9 | 0.0% |
| South Korea | 15.0 | 17.7 | 16.4 | 12.0 | -7.2% |
| United States | 4.5 | 6.6 | 6.9 | 6.0 | 10.1% |
| Australia | 8.6 | 5.8 | 4.9 | 4.9 | -17.1% |
| Spain | 4.7 | 6.9 | 6.5 | 4.9 | 1.4% |
| Thailand | 17.9 | 15.7 | 13.2 | 2.5 | -48.1% |
| Mexico | 0.5 | 0.7 | 0.5 | 0.5 | 0.0% |
| Others | 15.1 | 20.9 | 18.1 | 14.9 | -0.4% |
| Total | 82.1 | 90.9 | 82.8 | 61.7 | -9.1% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from China in 2022:
- South Korea (3289.4 tons)
- Thailand (1016.7 tons)
- United States (528.2 tons)
- Japan (426.9 tons)
- Spain (193.1 tons)
- Australia (193.0 tons)
- Mexico (125.0 tons)
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