Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (FOB) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (CIF) - 2022
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (FOB) - 2023
In December 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $3,810 per ton, waning by -2.4% against the previous month. In general, the export price recorded a mild decline. The growth pace was the most rapid in April 2023 when the average export price increased by 21% against the previous month. The export price peaked at $4,489 per ton in July 2023; however, from August 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($9,122 per ton), while the average price for exports to Papua New Guinea ($1,411 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 Indonesia (+0.3%), while the prices for the other major destinations experienced a decline.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (CIF) - 2022
In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $1,616 per ton, rising by 2.5% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 11%. The import price peaked at $3,691 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -6.2% per year.
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia
In 2022, the amount of offal, edible; of bovine animals, tongues, frozens exported from Australia declined remarkably to 17K tons, reducing by -31.4% compared with 2021 figures. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of 25K tons, and then shrank sharply in the following year.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens declined markedly to $90M in 2022. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of $114M, and then dropped significantly in the following year.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 53.8 | 46.2 | 52.8 | 56.7 | 1.8% |
| Indonesia | 26.1 | 19.4 | 27.0 | 27.5 | 1.8% |
| Papua New Guinea | 1.6 | 1.2 | 1.4 | 1.9 | 5.9% |
| South Africa | 0.3 | 0.5 | 0.6 | 0.2 | -12.6% |
| Others | 2.1 | 3.0 | 32.7 | 3.8 | 21.9% |
| Total | 83.9 | 70.3 | 114 | 90.1 | 2.4% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Australia in 2022:
- Indonesia (10.8K tons)
- Japan (4.5K tons)
- Papua New Guinea (1.0K tons)
- South Africa (0.1K tons)
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia
For the fourth year in a row, Australia recorded growth in purchases abroad of offal, edible; of bovine animals, tongues, frozens, which increased by 9.1% to 20 tons in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 468%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens rose remarkably to $32K in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 257% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 2.7 | 10.9 | 28.3 | 31.7 | 127.3% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 3.1 | 10.9 | 28.3 | 31.7 | 117.1% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Australia in 2022:
- New Zealand (19.6 tons)
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