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

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Finland (FOB) - 2023
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Finland (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Finland
4. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Finland

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

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,968 per ton in September 2023, picking up by 10% against the previous month. In general, export price indicated a modest expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -27.7% against June 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 106% m-o-m. As a result, the export price reached the peak level of $2,721 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($7,594 per ton), while the average price for exports to Poland ($546 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.2%), 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 Finland (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $3,630 per ton, surging by 26% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 an increase of 72% against the previous year. The import price peaked at $4,340 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($6,106 per ton), while the price for Sweden ($932 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), 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 Finland

In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Finland skyrocketed to 2.2K tons, increasing by 36% against 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2.8M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Poland (878.2 tons)
2. Germany (690.4 tons)
3. Spain (294.6 tons)
4. Estonia (117.1 tons)
5. Lithuania (66.6 tons)
6. Sweden (57.9 tons)
7. France (34.8 tons)

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

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Finland dropped sharply to 191 tons, reducing by -17.5% on the previous year. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 8.3%.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens expanded slightly to $692K in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

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

1. Poland (126.7 tons)
2. Sweden (37.4 tons)
3. Netherlands (21.4 tons)
4. Germany (3.3 tons)

Source: IndexBox Market Intelligence Platform