Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile
4. Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile (CIF) - 2023

In December 2023, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $9,447 per ton, rising by 20% against the previous month. Over the period under review, import price indicated tangible growth from December 2022 to December 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for offal, edible; of bovine animals, fresh or chilleds decreased by -18.9% against October 2023 indices. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 22% against the previous month. Over the period under review, average import prices reached the maximum at $11,647 per ton in October 2023; however, from November 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($16,342 per ton), while the price for Colombia ($5,499 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $26,697 per ton, rising by 1,744% against the previous year. Over the period under review, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($26,921 per ton), while the average price for exports to the UK amounted to $24,815 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+378.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile

In 2022, after three years of growth, there was significant decline in supplies from abroad of offal, edible; of bovine animals, fresh or chilleds, when their volume decreased by -6.5% to 1.1K tons. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 703% against the previous year. As a result, imports reached the peak of 1.2K tons, and then shrank in the following year.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds dropped to $10M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 758% against the previous year. As a result, imports attained the peak of $12M, and then shrank in the following year.

Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Chile in 2022:

1. Paraguay (559.0 tons)
2. United States (354.4 tons)
3. Argentina (77.0 tons)
4. Uruguay (55.5 tons)
5. Colombia (29.1 tons)
6. Brazil (28.3 tons)

Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Chile

In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds decreased by -99% to 254 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 26 tons, and then reduced markedly in the following year.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds shrank notably to $6.8K in 2022. Over the period under review, exports saw a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 8.5%. As a result, the exports attained the peak of $37K, and then reduced rapidly in the following year.

Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Chile in 2022:

1. Spain (227.0 kg)
2. United Kingdom (27.0 kg)

Source: IndexBox Market Intelligence Platform