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

Contents:

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

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

In July 2023, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $2,041 per ton, falling by -8.4% against the previous month. Overall, export price indicated slight growth from July 2022 to July 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 July 2023 figures, export price for offal, edible; of bovine animals, fresh or chilleds decreased by -48.4% against May 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 84% against the previous month. As a result, the export price reached the peak level of $3,958 per ton. From June 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Kuwait ($2,475 per ton) and Hong Kong SAR ($2,321 per ton), while the average price for exports to Vietnam ($1,936 per ton) and Qatar ($1,997 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+6.1%), 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 Pakistan (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $1,270 per ton, jumping by 187% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $3,246 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($1,271 per ton), while the price for Albania amounted to $1,269 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+195.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of offal, edible; of bovine animals, fresh or chilleds from Pakistan fell sharply to 716 tons, shrinking by -23.9% on the previous year's figure. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of 941 tons, and then shrank remarkably in the following year.

In value terms, exports of offal, edible; of bovine animals, fresh or chilleds fell remarkably to $1.5M in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 31%.

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

1. Qatar (255.3 tons)
2. Hong Kong SAR (208.6 tons)
3. Kuwait (102.7 tons)
4. Thailand (68.3 tons)
5. Uzbekistan (49.0 tons)
6. Oman (20.4 tons)
7. Bahrain (5.3 tons)
8. United Arab Emirates (1.0 tons)

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

In 2022, approx. 13 tons of offal, edible; of bovine animals, fresh or chilleds were imported into Pakistan; dropping by -98.6% compared with 2021 figures. Overall, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 6,470%. As a result, imports reached the peak of 941 tons, and then shrank notably in the following year.

In value terms, imports of offal, edible; of bovine animals, fresh or chilleds plummeted to $16K in 2022. In general, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 1,169%.

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

1. Albania (7.3 tons)
2. Iran (5.5 tons)

Source: IndexBox Market Intelligence Platform