Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand (FOB) - 2023
The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $4,498 per ton in December 2023, surging by 6% against the previous month. In general, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in June 2023 an increase of 8.1% against the previous month. The export price peaked at $5,266 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United States ($6,258 per ton), while the average price for exports to Papua New Guinea ($1,381 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.9%), 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 New Zealand (CIF) - 2022
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $3,615 per ton in 2022, rising by 8% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 20% against the previous year. The import price peaked at $6,161 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($3,810 per ton), while the price for Australia stood at $3,590 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-0.9%).
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand
In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from New Zealand surged to 33K tons, jumping by 24% compared with 2021 figures. The total export volume increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 soared to $168M in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.1 | 23.8 | 29.9 | 49.8 | 25.7% |
| South Korea | 16.6 | 21.7 | 25.8 | 38.3 | 32.1% |
| United States | 13.2 | 13.3 | 26.7 | 25.6 | 24.7% |
| Japan | 9.2 | 7.5 | 10.0 | 18.3 | 25.8% |
| Indonesia | 10.1 | 7.8 | 11.4 | 12.5 | 7.4% |
| Taiwan (Chinese) | 3.7 | 3.7 | 5.1 | 5.0 | 10.6% |
| South Africa | 1.2 | 0.6 | 2.0 | 2.4 | 26.0% |
| Fiji | 0.4 | 1.0 | 1.4 | 2.2 | 76.5% |
| French Polynesia | 0.9 | 0.8 | 1.3 | 1.5 | 18.6% |
| Malaysia | 2.2 | 1.6 | 0.3 | 1.2 | -18.3% |
| Papua New Guinea | 0.3 | 0.3 | 0.7 | 1.1 | 54.2% |
| Others | 7.9 | 10.6 | 8.0 | 9.6 | 6.7% |
| Total | 90.8 | 92.7 | 123 | 168 | 22.8% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from New Zealand in 2022:
- China (9.8K tons)
- South Korea (6.6K tons)
- Indonesia (3.6K tons)
- United States (3.5K tons)
- Japan (3.0K tons)
- South Africa (1.1K tons)
- Taiwan (Chinese) (1.0K tons)
- Fiji (1.0K tons)
- Papua New Guinea (0.6K tons)
- French Polynesia (0.5K tons)
- Malaysia (0.4K tons)
Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand
In 2022, approx. 105 tons of offal, edible; of bovine animals, (other than tongues and livers), frozens were imported into New Zealand; with an increase of 94% against 2021 figures. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $380K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Australia | N/A | 65.2 | 334 | 412.3% | |
| Sweden | 46.6 | 116 | 45.6 | -1.1% | |
| Others | 89.6 | N/A | N/A | 0% | |
| Total | 136 | 181 | 380 | 67.2% | |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to New Zealand in 2022:
- Australia (93.0 tons)
- Sweden (12.0 tons)
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