Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia (CIF) - 2022
- Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia
Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia (CIF) - 2022
The average import price for offal, edible; of bovine animals, tongues, frozens stood at $2,972 per ton in March 2022, picking up by 2.6% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in August 2021 an increase of 8.7% m-o-m. The import price peaked at $3,408 per ton in October 2021; however, from November 2021 to March 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was Spain ($3,760 per ton), while the price for New Zealand ($2,872 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia
In 2022, approx. 16K tons of offal, edible; of bovine animals, tongues, frozens were imported into Indonesia; with a decrease of -15.1% compared with the previous year's figure. Over the period under review, imports showed a drastic downturn. The smallest decline of -2.1% was in 2021.
In value terms, imports of offal, edible; of bovine animals, tongues, frozens stood at $57M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +64.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Offal, Edible; of Bovine Animals, Tongues, Frozen in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 35.4 | 27.2 | 39.4 | 38.0 | 2.4% |
| New Zealand | 6.0 | 5.2 | 7.7 | 13.1 | 29.7% |
| Spain | 1.6 | 1.2 | 2.0 | 2.3 | 12.9% |
| Singapore | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 1.8 | 1.1 | 2.2 | 3.2 | 21.1% |
| Total | 45.0 | 34.8 | 51.5 | 57.1 | 8.3% |
Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Indonesia in 2022:
- Australia (10.6K tons)
- New Zealand (3.8K tons)
- Spain (0.4K tons)
- Singapore (0.2K tons)
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