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

Contents:

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

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,497 per ton in 2022, declining by -11.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 11%. Over the period under review, average import prices reached the maximum at $2,812 per ton in 2021, and then declined in the following year.

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 Netherlands ($4,221 per ton), while the price for Italy ($2,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), 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 Romania (FOB) - 2022

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,591 per ton, falling by -9.7% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 65% against the previous year. The export price peaked at $3,674 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2,803 per ton), while the average price for exports to Serbia ($383 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 Hong Kong SAR (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Romania skyrocketed to 2.5K tons, increasing by 31% on the year before. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2020 indices. As a result, imports attained 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 skyrocketed to $6.2M in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Italy (836.8 tons)
2. Poland (605.9 tons)
3. Germany (426.3 tons)
4. France (357.0 tons)
5. Ireland (80.0 tons)
6. Netherlands (73.5 tons)
7. Hungary (69.9 tons)

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

After two years of decline, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens increased by 21% to 334 tons in 2022. Over the period under review, exports, however, showed a pronounced downturn.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens reached $532K in 2022. In general, exports, however, showed a precipitous setback.

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

1. United Kingdom (118.8 tons)
2. Serbia (106.3 tons)
3. Cote d'Ivoire (25.0 tons)
4. Ghana (22.7 tons)
5. Ireland (22.4 tons)
6. Austria (10.6 tons)
7. Cyprus (5.6 tons)
8. France (2.5 tons)
9. Bulgaria (2.3 tons)

Source: IndexBox Market Intelligence Platform