Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy (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, rising by 1.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,948 per ton in December 2022; however, from January 2023 to October 2023, the export prices stood at a somewhat 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 the UK ($6,335 per ton), while the average price for exports to Cote d'Ivoire ($881 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 France (+10.6%), 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 Italy (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $3,712 per ton, with an increase of 12% against the previous year. In general, the import price showed a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Ireland ($5,023 per ton), while the price for Romania ($320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.4%), 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 Italy
After three years of growth, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -10.6% to 15K tons in 2022. The total export volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33%.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens expanded rapidly to $38M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.1 | 2.6 | 4.9 | 9.3 | 103.7% |
| France | 2.6 | 2.8 | 3.5 | 3.4 | 9.4% |
| Ghana | 1.5 | 1.7 | 3.6 | 2.0 | 10.1% |
| Cote d'Ivoire | 1.4 | 2.1 | 2.5 | 2.0 | 12.6% |
| Poland | 0.3 | 0.8 | 2.6 | 1.8 | 81.7% |
| United Kingdom | 0.7 | 1.3 | 1.5 | 1.7 | 34.4% |
| Spain | 2.7 | 1.6 | 1.9 | 1.5 | -17.8% |
| Netherlands | 1.6 | 0.9 | 0.3 | 1.4 | -4.4% |
| Germany | 0.6 | 2.4 | 2.3 | 0.9 | 14.5% |
| Bosnia and Herzegovina | 0.6 | 0.8 | 0.9 | 0.8 | 10.1% |
| Greece | 0.5 | 0.6 | 0.6 | 0.6 | 6.3% |
| Liberia | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
| Austria | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Others | 6.8 | 8.0 | 9.6 | 11.6 | 19.5% |
| Total | 20.6 | 25.8 | 35.0 | 38.0 | 22.6% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Italy in 2022:
- Cote d'Ivoire (2.5K tons)
- Canada (2.4K tons)
- Ghana (1.9K tons)
- France (1.2K tons)
- Poland (0.9K tons)
- United Kingdom (0.7K tons)
- Germany (0.7K tons)
- Liberia (0.5K tons)
- Netherlands (0.4K tons)
- Greece (0.4K tons)
- Spain (0.4K tons)
- Austria (0.3K tons)
- Bosnia and Herzegovina (0.3K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy
Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Italy skyrocketed to 2.2K tons in 2022, rising by 29% against the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. As a result, imports reached the peak of 2.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $8.2M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 156%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 464 | 830 | 1,056 | 1,997 | 62.7% |
| Poland | 223 | 632 | 476 | 1,138 | 72.2% |
| Netherlands | 385 | 629 | 661 | 1,034 | 39.0% |
| Canada | N/A | 27.9 | 12.7 | 1,028 | 507.0% |
| Ireland | 85.2 | 296 | 545 | 970 | 125.0% |
| Germany | 608 | 1,139 | 1,132 | 808 | 9.9% |
| Spain | 92.5 | 1,362 | 557 | 475 | 72.5% |
| Austria | 299 | 137 | 121 | 88.1 | -33.5% |
| Romania | 57.1 | 176 | 33.1 | 4.2 | -58.1% |
| Others | 199 | 958 | 1,093 | 646 | 48.1% |
| Total | 2,414 | 6,187 | 5,687 | 8,190 | 50.3% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Italy in 2022:
- France (659.8 tons)
- Poland (450.1 tons)
- Netherlands (223.5 tons)
- Canada (207.0 tons)
- Germany (197.2 tons)
- Ireland (193.2 tons)
- Spain (115.2 tons)
- Austria (19.4 tons)
- Romania (13.0 tons)
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