Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Israel - 2023

Contents:

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

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Israel (CIF) - 2022

In 2022, the average import price for offal, edible; of bovine animals, tongues, frozens amounted to $6,359 per ton, growing by 6.5% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for offal, edible; of bovine animals, tongues, frozens decreased by -4.4% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 76%. Over the period under review, average import prices hit record highs at $6,651 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($6,359 per ton) and Poland ($6,359 per ton), while the price for Denmark ($6,359 per ton) and Uruguay ($6,359 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Offal, Edible; of Bovine Animals, Tongues, Frozen in Israel (FOB) - 2022

The average export price for offal, edible; of bovine animals, tongues, frozens stood at $1,674 per ton in 2022, increasing by 9.7% against the previous year. Overall, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2014 an increase of 25%. Over the period under review, the average export prices hit record highs at $7,674 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Palestine.

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to -14.1% per year.

Imports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Israel

In 2022, the amount of offal, edible; of bovine animals, tongues, frozens imported into Israel fell modestly to 989 tons, waning by -2.1% against 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 33%. As a result, imports reached the peak of 1K tons, and then shrank modestly in the following year.

In value terms, imports of offal, edible; of bovine animals, tongues, frozens expanded slightly to $6.3M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Offal, Edible; of Bovine Animals, Tongues, Frozen to Israel in 2022:

1. Brazil (479.5 tons)
2. Paraguay (173.3 tons)
3. Argentina (164.8 tons)
4. Uruguay (109.4 tons)
5. Poland (28.0 tons)
6. Denmark (16.8 tons)

Exports of Offal, Edible; of Bovine Animals, Tongues, Frozen in Israel

After three years of growth, shipments abroad of offal, edible; of bovine animals, tongues, frozens decreased by -1.4% to 1 tons in 2022. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 2.9% against the previous year. As a result, the exports reached the peak of 1.1 tons, and then reduced modestly in the following year.

In value terms, exports of offal, edible; of bovine animals, tongues, frozens rose remarkably to $1.7K in 2022. Overall, exports recorded a deep downturn.

Top Export Markets for Offal, Edible; of Bovine Animals, Tongues, Frozen from Israel in 2022:

1. Palestine (1.0 tons)

Source: IndexBox Market Intelligence Platform