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

Contents:

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

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,109 per ton in 2022, declining by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. As a result, import price reached the peak level of $2,323 per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($2,311 per ton), while the price for Belarus ($1,505 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.0%), 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 Russia (FOB) - 2022

The average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $2,141 per ton in 2022, declining by -3.6% against the previous year. Over the period under review, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 61% against the previous year. The export price peaked at $2,357 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,853 per ton), while the average price for exports to Cote d'Ivoire ($580 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 Ukraine (+12.4%), 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 Russia

In 2022, supplies from abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens was finally on the rise to reach 27K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt curtailment.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $57M in 2022. Overall, imports, however, showed a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports reached the peak of $60M, and then fell in the following year.

Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina34.526.922.521.7-14.3%
Paraguay13.312.318.519.012.6%
Uruguay4.93.97.56.07.0%
Brazil5.47.46.75.0-2.5%
ColombiaN/A0.31.72.9210.9%
Belarus1.22.32.81.20.0%
Others0.10.10.50.8100.0%
Total59.453.260.056.6-1.6%

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

  1. Argentina (10.1K tons)
  2. Paraguay (8.8K tons)
  3. Uruguay (3.3K tons)
  4. Brazil (2.3K tons)
  5. Colombia (1.3K tons)
  6. Belarus (0.8K tons)

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

After three years of growth, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -9% to 3.9K tons in 2022. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37%.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens dropped to $8.4M in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 121% against the previous year.

Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A3.04.36.749.4%
Cote d'Ivoire0.1N/A0.10.571.0%
Ghana1.31.51.70.3-38.7%
Ukraine0.20.20.40.314.5%
Vietnam1.00.70.50.2-41.5%
Hong Kong SAR0.31.21.60.1-30.7%
Others0.40.71.00.3-9.1%
Total3.37.29.68.436.5%

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

  1. China (2254.3 tons)
  2. Cote d'Ivoire (839.0 tons)
  3. Ghana (314.6 tons)
  4. Ukraine (197.7 tons)
  5. Vietnam (149.5 tons)
  6. Hong Kong SAR (34.4 tons)

Source: IndexBox Market Intelligence Platform

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