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

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Pakistan (FOB) - 2022
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Pakistan (CIF) - 2022
3. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Pakistan
4. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Pakistan

Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Pakistan (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,693 per ton, with a decrease of -18.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, the average export prices attained the maximum at $2,483 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($2,690 per ton), while the average price for exports to Hong Kong SAR ($1,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+8.1%), 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 Pakistan (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $390 per ton, increasing by 19% against the previous year. In general, the import price, however, recorded a abrupt setback. Over the period under review, average import prices reached the maximum at $6,326 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($410 per ton), while the price for Saudi Arabia ($293 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+50.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

Exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Pakistan declined rapidly to 1.6K tons in 2022, with a decrease of -75.1% on 2021 figures. Overall, exports recorded a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, the exports attained the peak of 6.6K tons, and then fell rapidly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens declined notably to $2.8M in 2022. In general, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 35%.

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

1. Hong Kong SAR (911.7 tons)
2. Vietnam (663.9 tons)
3. Singapore (39.1 tons)

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

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Pakistan rose to 559 tons, surging by 4.9% compared with the previous year. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 250%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $218K in 2022. Overall, imports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 94%.

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

1. Italy (334.5 tons)
2. Germany (171.9 tons)
3. Saudi Arabia (52.5 tons)

Source: IndexBox Market Intelligence Platform