Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (FOB) - 2023
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $3,685 per ton in December 2023, growing by 11% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $4,075 per ton in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($6,990 per ton), while the average price for exports to the Philippines ($1,317 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 Jamaica (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $4,339 per ton, increasing by 37% against the previous year. In general, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,414 per ton), while the price for Ireland ($2,316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia
For the third consecutive year, Australia recorded decline in overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -10.5% to 104K tons in 2022. Overall, exports saw a abrupt slump. The smallest decline of -4% was in 2020.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell to $422M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of $450M, and then declined in the following year.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 86.1 | 96.6 | 119 | 129 | 14.4% |
| Indonesia | 53.2 | 50.8 | 81.6 | 86.6 | 17.6% |
| Japan | 57.5 | 48.5 | 57.1 | 49.0 | -5.2% |
| United States | 29.2 | 26.2 | 45.4 | 23.0 | -7.6% |
| China | 34.3 | 25.1 | 26.3 | 21.0 | -15.1% |
| Philippines | 5.6 | 7.3 | 8.5 | 20.0 | 52.9% |
| Thailand | 8.9 | 10.9 | 16.1 | 19.5 | 29.9% |
| Hong Kong SAR | 40.1 | 32.6 | 38.5 | 19.3 | -21.6% |
| Taiwan (Chinese) | 19.4 | 17.0 | 13.3 | 10.0 | -19.8% |
| Malaysia | 8.8 | 6.0 | 6.1 | 7.1 | -6.9% |
| Papua New Guinea | 4.2 | 4.9 | 5.7 | 6.2 | 13.9% |
| Vietnam | 5.0 | 6.4 | 4.3 | 5.8 | 5.1% |
| South Africa | 4.5 | 4.4 | 3.4 | 2.2 | -21.2% |
| Others | 25.2 | 21.5 | 24.9 | 23.3 | -2.6% |
| Total | 382 | 358 | 450 | 422 | 3.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Australia in 2022:
- Indonesia (29.2K tons)
- South Korea (19.4K tons)
- Philippines (10.5K tons)
- Japan (7.5K tons)
- Thailand (5.2K tons)
- Hong Kong SAR (5.1K tons)
- Vietnam (3.9K tons)
- United States (3.8K tons)
- China (3.7K tons)
- Malaysia (2.5K tons)
- Papua New Guinea (2.3K tons)
- Taiwan (Chinese) (1.7K tons)
- South Africa (1.5K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia
Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Australia skyrocketed to 115 tons in 2022, rising by 338% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a dramatic setback.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens soared to $499K in 2022. Overall, imports, however, saw a perceptible decline.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | 121 | 12.3 | 155 | 13.2% | |
| United States | 13.2 | 14.8 | 119 | 200.3% | |
| Hong Kong SAR | N/A | N/A | 82.7 | 0% | |
| United Kingdom | 60.6 | 17.5 | 79.8 | 14.8% | |
| Ireland | 68.6 | 16.1 | 44.8 | -19.2% | |
| Others | 259 | 22.8 | 17.8 | -73.8% | |
| Total | 523 | 83.4 | 499 | -2.3% | |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Australia in 2022:
- United States (30.5 tons)
- New Zealand (30.1 tons)
- Ireland (19.4 tons)
- Hong Kong SAR (18.9 tons)
- United Kingdom (14.7 tons)
317
This report provides an in-depth analysis of the frozen meat offal market in Australia.
274
This report provides an in-depth analysis of the fresh meat offal market in Australia.
465
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
496
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
317
This report provides an in-depth analysis of the frozen meat offal market in Australia.
274
This report provides an in-depth analysis of the fresh meat offal market in Australia.
465
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
496
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
Nothing found. Please try again.
