Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore (CIF) - 2022
- Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore (FOB) - 2022
- Imports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore
- Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore
Price for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore (CIF) - 2022
The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $3,770 per ton in September 2022, reducing by -8.6% against the previous month. In general, import price indicated a perceptible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -20.3% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 53% m-o-m. The import price peaked at $4,728 per ton in July 2022; however, from August 2022 to September 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was New Zealand ($10,839 per ton), while the price for Australia ($3,320 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+16.5%), 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 Singapore (FOB) - 2022
In September 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $3,041 per ton, which is down by -17.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 195% m-o-m. As a result, the export price attained the peak level of $4,914 per ton. From February 2022 to September 2022, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In September 2022, the country with the highest price was Malaysia ($3,653 per ton), while the average price for exports to Indonesia ($2,841 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.8%), 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 Singapore
In 2022, overseas purchases of offal, edible; of bovine animals, (other than tongues and livers), frozens were finally on the rise to reach 4.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt downturn.
In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $13M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.2 | 3.9 | 4.0 | 8.1 | 89.0% |
| Australia | 5.1 | 3.0 | 3.5 | 2.2 | -24.4% |
| Argentina | 5.0 | 3.1 | 1.0 | 1.3 | -36.2% |
| New Zealand | 0.6 | 0.5 | 0.7 | 0.5 | -5.9% |
| Denmark | N/A | N/A | 0.3 | 0.3 | 0.0% |
| India | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| Others | 1.0 | 0.3 | 0.4 | 0.6 | -15.7% |
| Total | 12.9 | 10.9 | 10.2 | 13.4 | 1.3% |
Top Suppliers of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen to Singapore in 2022:
- Brazil (2654.4 tons)
- Australia (947.6 tons)
- Argentina (524.2 tons)
- Denmark (149.7 tons)
- India (138.0 tons)
- New Zealand (85.3 tons)
Exports of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore
In 2022, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens was finally on the rise to reach 1.1K tons after two years of decline. Over the period under review, exports, however, recorded a precipitous setback.
In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens surged to $2.8M in 2022. Overall, exports, however, showed a precipitous setback.
| Export of Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.0 | 1.1 | 1.1 | 2.2 | 30.1% |
| Malaysia | 7.8 | 2.3 | 0.6 | 0.4 | -62.8% |
| Thailand | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
| Hong Kong SAR | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 9.0 | 3.8 | 2.3 | 2.8 | -32.2% |
Top Export Markets for Offal, Edible; of Bovine Animals, (Other than Tongues and Livers), Frozen from Singapore in 2022:
- Indonesia (881.1 tons)
- Malaysia (185.1 tons)
- Thailand (54.4 tons)
409
This report provides an in-depth analysis of the frozen meat offal market in Singapore.
475
This report provides an in-depth analysis of the fresh meat offal market in Singapore.
467
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
496
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
409
This report provides an in-depth analysis of the frozen meat offal market in Singapore.
475
This report provides an in-depth analysis of the fresh meat offal market in Singapore.
467
Global Frozen Meat Offal Market Report 2018. This report provides an in-depth analysis of the global frozen meat offal market.
496
Global Fresh Meat Offal Market Report 2018. This report provides an in-depth analysis of the global fresh meat offal market.
Nothing found. Please try again.
