Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR - 2023
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (CIF) - 2023
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (FOB) - 2023
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR
- Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $2,620 per ton, jumping by 15% against the previous month. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $2,892 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($6,608 per ton), while the price for Brazil amounted to $2,379 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for offal, edible; of bovine animals, tongues, frozens amounted to $5,852 per ton, declining by -2.6% against the previous month. Overall, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in October 2023 an increase of 139% month-to-month. As a result, the export price reached the peak level of $6,007 per ton, and then declined slightly in the following month.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Macao SAR ($8,910 per ton), while the average price for exports to Vietnam ($1,921 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR
In 2022, purchases abroad of offal, edible; of bovine animals, tongues, frozens decreased by -36% to 4.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. As a result, imports reached the peak of 9.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens shrank notably to $14M in 2022. In general, imports recorded a abrupt curtailment. The smallest decline of -0.2% was in 2020.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 21.0 | 20.5 | 16.3 | 11.4 | -18.4% |
| Argentina | 1.6 | 2.8 | 2.8 | 1.9 | 5.9% |
| Uruguay | 0.9 | 0.7 | 0.1 | 0.3 | -30.7% |
| Others | 0.9 | 0.4 | 0.7 | 0.3 | -30.7% |
| Total | 24.3 | 24.3 | 19.8 | 13.9 | -17.0% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Hong Kong SAR in 2022:
- Brazil (3.9K tons)
- Argentina (0.7K tons)
- Uruguay (0.1K tons)
Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR
Exports of offal, edible; of bovine animals, tongues, frozens from Hong Kong SAR skyrocketed to 1.1K tons in 2022, surging by 65% on 2021 figures. In general, exports, however, recorded a perceptible shrinkage.
In value terms, exports of offal, edible; of bovine animals, tongues, frozens surged to $3.7M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 90%.
| Export of Offal, Edible; of Bovine Animals, Tongues, Frozen in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 652 | 461 | 1,932 | 2,133 | 48.5% |
| Taiwan (Chinese) | 825 | 526 | N/A | 1,332 | 17.3% |
| Mexico | N/A | N/A | N/A | 257 | 0% |
| South Korea | 106 | 52.3 | N/A | N/A | -50.7% |
| Vietnam | 2,058 | 131 | 289 | N/A | -62.5% |
| Others | 93.7 | N/A | N/A | N/A | 0% |
| Total | 3,735 | 1,170 | 2,221 | 3,722 | -0.1% |
Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Hong Kong SAR in 2022:
- Macao SAR (653.3 tons)
- Taiwan (Chinese) (348.9 tons)
- Mexico (83.5 tons)
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