Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore
- Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore (CIF) - 2022
In September 2022, the average import price for offal, edible; of bovine animals, fresh or chilleds amounted to $22,217 per ton, with an increase of 4.1% against the previous month. Over the period under review, import price indicated a notable expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for offal, edible; of bovine animals, fresh or chilleds increased by +13.5% against June 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 59% m-o-m. As a result, import price reached the peak level of $22,568 per ton. From February 2022 to September 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Australia ($22,979 per ton), while the price for New Zealand stood at $14,044 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%).
Price for Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore (FOB) - 2022
In 2022, the average export price for offal, edible; of bovine animals, fresh or chilleds amounted to $9,227 per ton, surging by 393% against the previous year. Overall, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($20,600 per ton), while the average price for exports to Indonesia ($5,859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore
In 2022, overseas purchases of offal, edible; of bovine animals, fresh or chilleds were finally on the rise to reach 247 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $3M in 2022. The total import value increased at an average annual rate of +8.0% 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 Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,127 | 1,892 | 2,058 | 2,660 | 7.7% |
| New Zealand | 101 | 86.3 | 107 | 162 | 17.1% |
| India | 61.8 | 65.6 | 73.8 | 98.9 | 17.0% |
| Malaysia | N/A | 35.8 | 57.1 | N/A | 59.5% |
| Pakistan | N/A | 61.4 | N/A | N/A | 0% |
| Others | 68.9 | 29.6 | 74.0 | 50.1 | -10.1% |
| Total | 2,358 | 2,171 | 2,370 | 2,971 | 8.0% |
Top Suppliers of Offal, Edible; of Bovine Animals, Fresh or Chilled to Singapore in 2022:
- Australia (174.4 tons)
- India (52.3 tons)
- New Zealand (17.3 tons)
Exports of Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of offal, edible; of bovine animals, fresh or chilleds, which decreased by -60.4% to 490 kg in 2022. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -0.1% was in 2020.
In value terms, exports of offal, edible; of bovine animals, fresh or chilleds skyrocketed to $4.5K in 2022. Overall, exports saw a sharp curtailment.
| Export of Offal, Edible; of Bovine Animals, Fresh or Chilled in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.7 | 1.1 | 0.1 | 2.2 | -6.6% |
| Maldives | 0.1 | 0.1 | N/A | 1.9 | 166.8% |
| Cambodia | 0.4 | 0.2 | N/A | 0.5 | 7.7% |
| Sri Lanka | 2.9 | N/A | N/A | N/A | 0% |
| Malaysia | 16.3 | 11.1 | 2.1 | N/A | -64.1% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 22.7 | 12.6 | 2.3 | 4.5 | -41.7% |
Top Export Markets for Offal, Edible; of Bovine Animals, Fresh or Chilled from Singapore in 2022:
- Indonesia (370.0 kg)
- Maldives (90.0 kg)
- Cambodia (30.0 kg)
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