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

Contents:

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

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

In October 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,101 per ton, falling by -21.3% against the previous month. In general, the export price showed a mild decline. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 56% against the previous month. The export price peaked at $2,669 per ton in September 2023, and then shrank dramatically in the following month.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was North Macedonia ($2,918 per ton), while the average price for exports to Hong Kong SAR ($845 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+107.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $2,206 per ton, picking up by 31% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached 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 France ($10,094 per ton), while the price for Italy ($1,881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -63.3% to 364 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a slight decline. The most prominent rate of growth was recorded in 2020 when exports increased by 170%. As a result, the exports attained the peak of 1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens contracted dramatically to $726K in 2022. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 150% against the previous year.

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

1. North Macedonia (188.1 tons)
2. Bosnia and Herzegovina (85.2 tons)
3. Serbia (60.7 tons)
4. Italy (25.9 tons)

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

Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Slovenia fell to 351 tons in 2022, with a decrease of -10.1% against the previous year. Overall, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of 391 tons, and then dropped in the following year.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens skyrocketed to $775K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. Italy (300.0 tons)
2. Germany (30.2 tons)
3. Netherlands (7.9 tons)
4. France (7.2 tons)
5. Austria (5.2 tons)

Source: IndexBox Market Intelligence Platform