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

Contents:

1. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Portugal (CIF) - 2023
2. Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Portugal (FOB) - 2022
3. Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Portugal
4. Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Portugal

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

In October 2023, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $3,053 per ton, growing by 24% against the previous month. Overall, import price indicated a mild expansion from October 2022 to October 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -20.9% against August 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 64% m-o-m. The import price peaked at $3,858 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($5,520 per ton), while the price for Spain stood at $2,810 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+9.5%), 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 Portugal (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,632 per ton in 2022, with a decrease of -12.9% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,077 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($3,692 per ton), while the average price for exports to Cote d'Ivoire ($844 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 France (+6.7%), 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 Portugal

In 2022, overseas purchases of offal, edible; of bovine animals, (other than tongues and livers), frozens increased by 19% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt contraction.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens rose rapidly to $3M in 2022. In general, imports, however, showed a perceptible contraction.

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

1. Spain (891.6 tons)
2. Belgium (85.8 tons)
3. France (72.5 tons)
4. Netherlands (58.4 tons)

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

In 2022, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens from Portugal skyrocketed to 795 tons, picking up by 69% compared with the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $1.3M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. Spain (485.8 tons)
2. Italy (129.1 tons)
3. Cote d'Ivoire (93.8 tons)
4. Guinea-Bissau (29.2 tons)
5. Germany (9.4 tons)

Source: IndexBox Market Intelligence Platform