Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in India - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in India (FOB) - 2023
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in India
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in India (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $1,853 per ton, rising by 25% against the previous month. Over the period under review, the export price, however, recorded a mild curtailment. The pace of growth was the most pronounced in February 2023 when the average export price increased by 120% m-o-m. As a result, the export price reached the peak level of $3,654 per ton. From March 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($3,524 per ton), while the average price for exports to Tanzania ($547 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in India
In 2022, shipments abroad of offal, edible; of bovine animals, fresh or chilleds decreased by -47.5% to 388 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a significant decline. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year. As a result, the exports attained the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds dropped notably to $1.2M in 2022. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. As a result, the exports reached the peak of $3.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,074 | 1,457 | 1,101 | 663 | -14.9% |
| Vietnam | 189 | 311 | 194 | 367 | 24.8% |
| Qatar | 143 | 200 | 38.9 | 173 | 6.6% |
| Democratic Republic of the Congo | 18.4 | 17.7 | 12.8 | 22.8 | 7.4% |
| Comoros | 537 | 333 | 253 | N/A | -31.4% |
| Gabon | 33.6 | 22.7 | 23.6 | N/A | -16.2% |
| Egypt | 74.4 | 43.2 | 13.0 | N/A | -58.2% |
| Singapore | 68.2 | 68.4 | 51.3 | N/A | -13.3% |
| Myanmar | 170 | 158 | 109 | N/A | -19.9% |
| Yemen | 62.4 | 46.5 | 25.9 | N/A | -35.6% |
| Pakistan | 60.8 | 46.0 | 26.0 | N/A | -34.6% |
| Others | 213 | 439 | 251 | 11.6 | -62.1% |
| Total | 2,645 | 3,142 | 2,099 | 1,238 | -22.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from India in 2022:
- Hong Kong SAR (199.5 tons)
- Vietnam (80.0 tons)
- Qatar (75.9 tons)
- Democratic Republic of the Congo (28.0 tons)
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