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

Contents:

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

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,401 per ton in 2022, jumping by 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($7,510 per ton), while the price for Panama ($1,323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,365 per ton in 2022, flattening at the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for offal, edible; of bovine animals, (other than tongues and livers), frozens increased by +25.4% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices hit record highs at $2,812 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,112 per ton), while the average price for exports to Angola totaled $1,822 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of offal, edible; of bovine animals, (other than tongues and livers), frozens imported into Peru expanded rapidly to 14K tons, increasing by 9.5% on the previous year. The total import volume increased at an average annual rate of +3.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $33M in 2022. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Argentina (6.5K tons)
2. Brazil (4.5K tons)
3. Paraguay (1.5K tons)
4. Uruguay (0.5K tons)
5. United States (0.4K tons)
6. Panama (0.2K tons)

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

After three years of growth, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -44.5% to 16 tons in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 804% against the previous year. As a result, the exports attained the peak of 29 tons, and then fell significantly in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped markedly to $38K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 827% against the previous year. As a result, the exports reached the peak of $68K, and then shrank rapidly in the following year.

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

1. Angola (9.3 tons)
2. Hong Kong SAR (6.7 tons)

Source: IndexBox Market Intelligence Platform