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

Contents:

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

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $5,549 per ton in November 2023, approximately mirroring the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 11% m-o-m. The import price peaked in November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($5,771 per ton), while the price for Australia ($3,578 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 Nicaragua (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In November 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $5,599 per ton, growing by 9.5% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 26% m-o-m. Over the period under review, the average export prices attained the maximum at $5,696 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In November 2023, the country with the highest price was the United States ($5,640 per ton), while the average price for exports to Japan totaled $4,926 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.3%), 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 Mexico

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Mexico reduced rapidly to 43K tons, waning by -48% on the previous year's figure. Over the period under review, imports faced a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 24%.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted slightly to $202M in 2022. The total import value increased at an average annual rate of +4.1% over the period 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 2021 with an increase of 38%. As a result, imports attained the peak of $208M, and then declined modestly in the following year.

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

1. United States (38.7K tons)
2. Canada (3.2K tons)
3. Nicaragua (0.8K tons)

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

In 2022, approx. 11K tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were exported from Mexico; picking up by 9.3% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens expanded to $55M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +59.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. United States (9.4K tons)
2. Japan (0.9K tons)
3. South Korea (0.7K tons)

Source: IndexBox Market Intelligence Platform