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

Contents:

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

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

In 2022, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,145 per ton, falling by -3.2% against the previous year. In general, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $3,007 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($1,304 per ton) and Vietnam ($1,150 per ton), while the average price for exports to Hong Kong SAR ($1,010 per ton) and Kenya ($1,150 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens stood at $1,605 per ton in 2022, growing by 94% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 107%. The import price peaked at $3,616 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 South Africa ($7,833 per ton), while the price for Italy ($1,264 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+52.3%), while the prices for the other major suppliers experienced a decline.

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

For the fourth year in a row, Tanzania recorded growth in overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens, which increased by 521% to 2.5K tons in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,066% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens soared to $2.9M in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,158% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. Kenya (2300.0 tons)
2. Hong Kong SAR (98.9 tons)
3. Vietnam (88.0 tons)
4. China (8.0 tons)

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

In 2022, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Tanzania contracted dramatically to 6.2 tons, declining by -51.8% on the previous year. Overall, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens reduced to $9.9K in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.

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

1. Italy (5.7 tons)
2. Turkey (0.3 tons)
3. South Africa (0.2 tons)

Source: IndexBox Market Intelligence Platform