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

Contents:

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

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

In December 2023, the average export price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $1,732 per ton, rising by 95% against the previous month. In general, the export price showed strong growth. The growth pace was the most rapid in January 2023 an increase of 234% m-o-m. As a result, the export price reached the peak level of $2,616 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Hong Kong SAR ($4,577 per ton), while the average price for exports to Cote d'Ivoire ($737 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+16.0%), 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 Turkey (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, (other than tongues and livers), frozens amounted to $4,750 per ton, picking up by 23% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The import price peaked at $5,701 per ton in 2016; however, from 2017 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 Poland ($8,583 per ton), while the price for Italy ($1,585 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+64.1%), 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 Turkey

In 2022, overseas shipments of offal, edible; of bovine animals, (other than tongues and livers), frozens decreased by -29.5% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. As a result, the exports reached the peak of 2.7K tons, and then fell remarkably in the following year.

In value terms, exports of offal, edible; of bovine animals, (other than tongues and livers), frozens shrank notably to $2.8M in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year.

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

1. Ghana (489.0 tons)
2. Cote d'Ivoire (356.5 tons)
3. Hong Kong SAR (352.1 tons)
4. Democratic Republic of the Congo (252.0 tons)
5. Egypt (120.9 tons)
6. Sierra Leone (88.3 tons)
7. Congo (84.0 tons)
8. Vietnam (38.4 tons)

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

Imports of offal, edible; of bovine animals, (other than tongues and livers), frozens into Turkey declined sharply to 31 tons in 2022, which is down by -16.3% compared with 2021 figures. In general, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 +39.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of 37 tons, and then fell significantly in the following year.

In value terms, imports of offal, edible; of bovine animals, (other than tongues and livers), frozens rose modestly to $147K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.1% 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 +76.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Brazil (25.5 tons)
2. Netherlands (3.9 tons)
3. Poland (0.8 tons)
4. Italy (0.5 tons)
5. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform