Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (FOB) - 2023
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,620 per ton, reducing by -5.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 8% month-to-month. Over the period under review, average import prices reached the maximum at $2,915 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,045 per ton), while the price for Ireland ($1,800 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,175 per ton, declining by -4.1% against the previous month. Overall, export price indicated perceptible growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -28.6% against June 2023 indices. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 52% against the previous month. As a result, the export price attained the peak level of $3,047 per ton. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was Vietnam ($2,257 per ton), while the average price for exports to South Korea ($1,862 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.4%), while the prices for the other major destinations experienced a decline.
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -34.6% to 193K tons in 2022. Over the period under review, imports faced a deep contraction. The smallest decline of -2.3% was in 2020.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens shrank dramatically to $596M in 2022. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 0.3%.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 537 | 457 | 395 | 271 | -20.4% |
| Argentina | 102 | 97.9 | 91.0 | 56.3 | -18.0% |
| United States | 144 | 86.6 | 81.1 | 45.6 | -31.8% |
| India | 4.2 | 36.4 | 48.5 | 36.7 | 106.0% |
| Vietnam | 1.3 | 16.6 | 7.1 | 27.2 | 175.6% |
| Australia | 69.8 | 51.2 | 51.2 | 21.4 | -32.6% |
| Uruguay | 31.7 | 30.0 | 41.2 | 18.9 | -15.8% |
| United Kingdom | 13.4 | 24.4 | 30.9 | 13.9 | 1.2% |
| Poland | 7.6 | 12.4 | 16.9 | 10.8 | 12.4% |
| Netherlands | 12.1 | 15.9 | 20.6 | 7.9 | -13.2% |
| Ireland | 15.9 | 17.6 | 24.7 | 7.1 | -23.6% |
| Others | 71.2 | 103 | 143 | 79.0 | 3.5% |
| Total | 1,011 | 948 | 951 | 596 | -16.2% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Hong Kong SAR in 2022:
- Brazil (103.7K tons)
- Argentina (18.7K tons)
- India (9.4K tons)
- United States (8.0K tons)
- Uruguay (7.1K tons)
- Vietnam (7.1K tons)
- Australia (6.2K tons)
- United Kingdom (4.5K tons)
- Poland (3.1K tons)
- Ireland (2.3K tons)
- Netherlands (2.0K tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR
Exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Hong Kong SAR surged to 100K tons in 2022, picking up by 154% on the previous year. In general, exports, however, recorded a abrupt slump.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $219M in 2022. Over the period under review, exports, however, saw a pronounced setback.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 30.4 | 29.3 | 22.2 | 153 | 71.4% |
| South Korea | 36.0 | 3.1 | 2.5 | 45.1 | 7.8% |
| Vietnam | 177 | 5.2 | 59.3 | 12.6 | -58.6% |
| Macao SAR | 6.9 | 4.5 | 6.5 | 5.8 | -5.6% |
| Others | 1.0 | 0.2 | 1.0 | 1.6 | 17.0% |
| Total | 251 | 42.3 | 91.5 | 219 | -4.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Hong Kong SAR in 2022:
- Taiwan (Chinese) (58.4K tons)
- South Korea (34.2K tons)
- Vietnam (4.8K tons)
- Macao SAR (1.7K tons)
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