Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (FOB) - 2023
In December 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $10,205 per ton, almost unchanged from the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 8.2% month-to-month. The export price peaked at $10,321 per ton in November 2023, and then contracted modestly in the following month.
Average prices varied somewhat for the major foreign markets. In December 2023, the country with the highest price was Mexico ($12,172 per ton), while the average price for exports to the United States ($9,359 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 Mexico (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $5,746 per ton, growing by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The most prominent rate of growth was recorded in 2014 an increase of 24%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,854 per ton), while the price for the United States ($5,162 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada
In 2022, the amount of offal, edible; of bovine animals, fresh or chilleds exported from Canada declined rapidly to 13K tons, which is down by -15.9% against 2021 figures. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of 127%. As a result, the exports reached the peak of 15K tons, and then reduced markedly in the following year.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds reduced rapidly to $124M in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 157%. As a result, the exports reached the peak of $148M, and then declined rapidly in the following year.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 36.5 | 28.3 | 86.9 | 72.9 | 25.9% |
| United States | 38.0 | 28.2 | 50.6 | 38.2 | 0.2% |
| Mexico | 2.8 | 1.0 | 10.0 | 11.5 | 60.1% |
| Others | 0.3 | 0.3 | 0.9 | 1.0 | 49.4% |
| Total | 77.5 | 57.6 | 148 | 124 | 17.0% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Canada in 2022:
- Japan (7.9K tons)
- United States (4.0K tons)
- Mexico (1.0K tons)
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada
After two years of decline, supplies from abroad of offal, edible; of bovine animals, fresh or chilleds increased by 38% to 302 tons in 2022. Over the period under review, imports, however, saw a noticeable shrinkage.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $1.7M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, Fresh or Chilled in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,335 | 1,138 | 903 | 1,330 | -0.1% |
| Mexico | 247 | 225 | 164 | 262 | 2.0% |
| Netherlands | 42.1 | N/A | 104 | 128 | 44.9% |
| Others | N/A | N/A | 1.0 | 15.3 | 1430.0% |
| Total | 1,624 | 1,364 | 1,172 | 1,735 | 2.2% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Canada in 2022:
- United States (257.6 tons)
- Mexico (28.0 tons)
- Netherlands (11.8 tons)
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