Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria - 2023

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria (CIF) - 2023
3. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria
4. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria (FOB) - 2023

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,501 per ton in October 2023, picking up by 128% against the previous month. Over the period under review, the export price recorded a prominent 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 export markets. In October 2023, the country with the highest price was North Macedonia ($2,667 per ton), while the average price for exports to Bosnia and Herzegovina stood at $2,182 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria (CIF) - 2023

In August 2023, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,273 per ton, dropping by -21.3% against the previous month. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in June 2023 an increase of 42% m-o-m. Over the period under review, average import prices reached the peak figure at $2,224 per ton in March 2023; however, from April 2023 to August 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($2,514 per ton), while the price for the Czech Republic ($635 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.3%), 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 Austria

Exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Austria soared to 5.7K tons in 2022, increasing by 19% on the year before. Over the period under review, exports, however, recorded a abrupt decrease.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell modestly to $7.7M in 2022. Overall, exports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 19%.

Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Austria in 2022:

1. Germany (4082.2 tons)
2. Bosnia and Herzegovina (295.0 tons)
3. Slovenia (218.3 tons)
4. Denmark (110.3 tons)
5. Ukraine (91.3 tons)
6. North Macedonia (88.5 tons)

Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Austria

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Austria surged to 3.9K tons, picking up by 30% compared with 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2020 indices. 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, (other than tongues and livers), frozens skyrocketed to $7M in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Austria in 2022:

1. Germany (2303.8 tons)
2. Italy (513.0 tons)
3. Netherlands (335.8 tons)
4. Denmark (229.5 tons)
5. Hungary (185.3 tons)
6. Poland (128.6 tons)
7. Spain (85.6 tons)

Source: IndexBox Market Intelligence Platform