Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland (CIF) - 2023
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland (FOB) - 2023
In October 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,377 per ton, with a decrease of -3.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 23% against the previous month. Over the period under review, the average export prices reached the maximum at $2,731 per ton in April 2023; however, from May 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Japan ($5,280 per ton), while the average price for exports to Cote d'Ivoire ($1,385 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+3.5%), 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 Ireland (CIF) - 2023
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,732 per ton in October 2023, growing by 17% against the previous month. Over the period under review, the import price, however, saw a pronounced decrease. The growth pace was the most rapid in July 2023 when the average import price increased by 132% m-o-m. As a result, import price reached the peak level of $6,190 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,972 per ton), while the price for the Netherlands ($1,067 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland
For the third consecutive year, Ireland recorded decline in shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens, which decreased by -1.7% to 27K tons in 2022. Overall, exports saw a abrupt decrease.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens fell to $67M in 2022. Over the period under review, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of $74M, and then shrank in the following year.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.4 | 1.9 | N/A | 12.2 | 105.8% |
| United States | 6.2 | 4.3 | N/A | 9.2 | 14.1% |
| Philippines | 5.7 | 3.2 | N/A | 6.7 | 5.5% |
| Ghana | 5.9 | 8.9 | N/A | 6.3 | 2.2% |
| Hong Kong SAR | 32.1 | 23.1 | N/A | 6.1 | -42.5% |
| Poland | 0.5 | 0.3 | N/A | 3.9 | 98.3% |
| Japan | 4.4 | 1.7 | N/A | 3.1 | -11.0% |
| Jamaica | 0.3 | 1.2 | N/A | 2.8 | 110.5% |
| Netherlands | 0.8 | 1.9 | N/A | 1.2 | 14.5% |
| Hungary | N/A | N/A | N/A | 1.2 | 0% |
| Cote d'Ivoire | 2.8 | 1.5 | N/A | 1.2 | -24.6% |
| Liberia | 0.3 | 0.6 | N/A | 0.9 | 44.2% |
| United Arab Emirates | N/A | N/A | 74.1 | N/A | 0% |
| Others | 10.1 | 7.8 | N/A | 12.4 | 7.1% |
| Total | 70.6 | 56.4 | 74.1 | 67.1 | -1.7% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Ireland in 2022:
- United Kingdom (4.9K tons)
- Ghana (4.3K tons)
- Hong Kong SAR (2.5K tons)
- Philippines (2.4K tons)
- Poland (2.3K tons)
- United States (1.7K tons)
- Jamaica (1.5K tons)
- Cote d'Ivoire (1.2K tons)
- Netherlands (0.8K tons)
- Liberia (0.7K tons)
- Hungary (0.6K tons)
- Japan (0.5K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland
In 2022, purchases abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by 0% to 264 tons, falling for the second year in a row after two years of growth. In general, imports posted a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports reached the peak of 311 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens totaled $665K in 2022. Overall, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, imports attained the peak of $984K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 65.0 | N/A | 341 | 129.0% |
| United Kingdom | 157 | 742 | N/A | 277 | 20.8% |
| Poland | N/A | N/A | N/A | 38.9 | 0% |
| France | 34.9 | 29.6 | N/A | 4.9 | -48.0% |
| Netherlands | 71.9 | 37.9 | N/A | 2.2 | -68.7% |
| China | 41.2 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 100 | N/A | N/A | 0% |
| Others | 455 | 10.4 | N/A | 0.2 | -92.4% |
| Total | 760 | 984 | N/A | 665 | -4.4% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Ireland in 2022:
- Hong Kong SAR (126.3 tons)
- United Kingdom (97.5 tons)
- Poland (37.1 tons)
- France (1.8 tons)
- Netherlands (1.3 tons)
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